Real Estate Math
A Louisiana commercial tenant leases 3,000 sq ft at $15/sq ft base rent (NNN) annually. Their proportionate share of common area maintenance is 12% of actual CAM costs of $40,000. What is the annual total rent plus CAM?
A$49,800✓ Correct
B$47,000
C$45,000
D$50,200
Explanation
Base rent = 3,000 × $15 = $45,000. CAM share = $40,000 × 12% = $4,800. Total = $45,000 + $4,800 = $49,800.
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