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Question
The tenant has signed a percentage lease. The terms of the lease are $500 per month plus an annual payment equal to 9% of gross sales over $250,000. If, at the end of the year, the tenant is celebrating a million dollars in gross sales, how much additional rent does he still owe?a. $6,000
b. $61,500
c. $67,500
d. $73,500
Answer
This answer is hidden. It contains 63 characters.
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A man bought a home two years ago and sold it a year later. You would expect to find his name and a reference to the home in the mortgagee index.