Real Estate Math
A Nevada building has 20,000 sq ft of gross rentable area. The tenant leases 4,500 sq ft. The tenant's pro-rata share for CAM purposes is:
A22.5%✓ Correct
B20.0%
C25.0%
D45.0%
Explanation
Pro-rata share = Tenant's leased area ÷ Total rentable area = 4,500 ÷ 20,000 = 0.225 = 22.
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