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Tenant owe the landlord in expense

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Reference no: EM131332150

A tenant has a gross lease with an ‘‘expense stop''of $2.75/SF. If the building has 200,000 square feet of leasable space, reimbursable operating expenses of $700,000, and the tenant rents 25,000 SF, then how much does the tenant owe the landlord in expense reimbursements (the total $ amount)?

Question options:

  • $3.50/SF.
  • $25,000.
  • $58,750.
  • $18,750

Reference no: EM131332150

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