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Question
Rent: Net Effective
New Shoes Inc. has negotiated a new ten year lease at the Three Rivers Mall. The lease calls for a gross rent of $ 30 per square foot on a 10,000 square foot lease. The tenant has negotiated for one years free rent and a $50 per square foot tenant allowance. Leasing commissions are $5 per square foot. Expenses for the property are $10 per foot per year. What is the net effective rent for the space?
Answer
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Related questions
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General
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