Question

a broker hired by a prospective tenant offers a landlord (owner) the following lease terms for two floors of 2,250 rentable square feet of office space. the broker's contract with the tenant requires a 4% commission be paid to them by a landlord whom they rent space from. how much total commission would the landlord owe the broker if the tenant signs a lease and pays their first month of rent with these terms.

Answer 1

To calculate the total commission owed by the landlord to the broker, you need to know the lease price and the first month's rent. An example is provided to show how to calculate the commission.

Step-by-step explanation:

To calculate the total commission the landlord owes the broker, we need to know the lease price and the first month's rent. Since the lease terms are not provided in the question, we cannot calculate the exact commission. However, we can show you how to calculate it using an example.

Let's say the lease price is $20,000 per month. The commission rate is 4%, so the broker's commission would be 4% of $20,000, which is $800. If the tenant signs the lease and pays the first month's rent, the total commission owed by the landlord would be $800.