Unforeseeable Events
For example, if on a 10-year lease the rent is $100,000 per year and the leasing commission is 4% due on move in and the landlord spends $200,000 on tenant improvements, even if the project had no other costs, the project could be profitable because the tenant improvements are amortized over 10 years at $20,000 per year and the commission is ... ................
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