Schedule C

ADDITIONAL PERCENTAGE RENT/EXAMINATION FEES DUE LANDLORD

TENANT:  Tenant
CENTER:
Mall/Shopping Center
 

Lease years ended December 31:

2000 1999 1998
Gross sales as reported to landlord $1,701,635 $1,698,922 $1,699,842
Under-reported/ (over-reported) sales per examination     48,335     47,220     39,891
Correct gross sales $1,749,970 $1,746,142 $1,739,733
Base   1,620,000   1,620,000   1,620,000
Sales subject to percentage rent $129,970 $126,142 $119,733
Percentage rent factor 4% 4% 4%
Total percentage rent $5,199 $5,046 $4,789
Percentage rent previously billed/paid and offsets                         3,265                         3,157                          3,194
Percentage rent due/(overbilled/paid) $1,934 $1,889 $1,595
Summary:
Additional percentage rent due $5,418
Recovery of examination fee as provided for by lease         650
Total monies due Landlord $6,068

 

Opinion Summary of Gross Sales Monthly Gross Sales Percentage Rent Schedule
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  Copyright 2002 Freed & Associates