Lease Analysis (Tenant)

LEASE ANALYSIS FORM Tenant's Cash Flow Property: Address: (Street) (city) Tenant's Opportunity Cost: 10% Tax Bracket 36% 2 0 0 0 0 0 0 0 0 0 3 0 0 0 0 0 0 0 0 4 0 0 0 0 0 0 0 0 5 0 0 0 0 0 0 0 0 Date: (State) Term (yrs) Income Escalator 0 Size (s.f.) Expense Escalator 0% 0 End of Year Base Rent + Sales Tax * @ 0% + Real estate tax + Operating expense + CAM + Parking + Other + Other + Tenant improvements (pd by tenant) + Moving expenses + Existing lease buyout (pd by tenant) - Rent concession - Real Estate tax stop - Operating expense stop - CAM cap - TI allowance from owner - Existing lease buyout allowance 0 1 - Other - Other = Pre-tax occupancy cost - Tax savings (capital items) - Tax savings (annual expense) = After-tax occupancy cost * Some states charge sales tax on commercial rent Total effective rent: Total effective rate: Average annual effective rent: Average annual effective rate: Discounted effective rent: 0 0 0 0 0 0 0 0 0 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 (NPV of After Tax Occ. Cost)

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