apreston2796 apreston2796

23-05-2023
Business

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A tenant chooses not to renew their lease on 5,000 square feet when their lease expired on 12/31/2021. Market rent for the space is $16 per square foot. The space sits vacant for 3 months before a new tenant was found. The new tenant paid market rent. How much rental income was received in 2022?

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