The monthly rent should be option d. $850.
Calculation of the monthly rent:
Since the net lease for $350 per month. And, there is a $6,000 per year
So, the monthly rent should be
= $350 + $500
= $850.
Hence, we can conclude that The monthly rent should be option d. $850.
Monthly Rent means the monthly installments of the Annual Minimum Rent and the estimated annual utility bills payable by the Lessee under this Rental Agreement.
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Disclaimer: The question is incomplete. Please read below to find the missing content.
You have a net lease for $350 per month. You are responsible for the taxes, which are $6,000 per year. What is your monthly rent?
a) $790
b) $810
c) $830
d) $850
