Real Estate Math
A Montana property manager charges a leasing fee of one month's rent for placing a new tenant. The monthly rent is $1,350. If the property is vacant for 6 weeks before the new tenant moves in, what is the total cost of the vacancy (including leasing fee)?
A$1,350
B$2,025
C$3,375✓ Correct
D$2,700
Explanation
Vacancy loss for 6 weeks = $1,350 / 4.33 weeks x 6 = $1,350 x 6/4.
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