Real Estate Math
A Massachusetts commercial tenant leases 2,800 SF at $22/SF/year. What is the monthly rent?
A$5,133.33✓ Correct
B$61,600
C$4,400
D$6,160
Explanation
Annual rent = 2,800 SF × $22 = $61,600. Monthly rent = $61,600 ÷ 12 = $5,133.33. Using the values given ($22), apply the appropriate formula.. The correct answer is $5,133.33.. This is a common calculation on the Massachusetts real estate exam.
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