Real Estate Math
A Minnesota commercial tenant occupies 4,200 sq ft of a 28,000 sq ft building. The total operating expenses are $140,000. Under a pro-rata expense lease, what is the tenant's annual expense contribution?
A$18,000
B$21,000✓ Correct
C$24,000
D$17,500
Explanation
Tenant pro-rata share = 4,200 / 28,000 = 15%. Tenant expense contribution = $140,000 x 15% = $21,000.
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