Property Management
A Washington commercial tenant with a percentage rent lease has a natural breakpoint of $600,000 in annual sales with a 5% percentage rent rate. If actual sales are $750,000, what additional percentage rent is owed?
A$7,500✓ Correct
B$30,000
C$37,500
D$45,000
Explanation
Sales above breakpoint = $750,000 − $600,000 = $150,000. Percentage rent = $150,000 × 5% = $7,500. To solve this, multiply the relevant values: $600,000 and $750,000, at 5%.. The correct answer is $7,500.. This is a common calculation on the Washington real estate exam.
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