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EXAMPLE__ _3 <br /> <br />Assume the following <br /> <br /> a. Adjusted Monthly Rent (1/1/98) $ 439.96 <br /> b. Capital Improvement Cost 25.00 <br /> c. Base Rent for 1998 277.16 <br /> <br /> d. Operating Expenses through 9/30/98 138.00 <br /> [165,600 + 100 -: 12] <br /> <br /> e. Operating Expenses through 9/30/97 134.00 <br /> [160,800 + 100 -: 12] <br /> <br /> f. Real Property taxes paid through 9/30/98 4.00 <br /> [4800 + 100 + 12] <br /> <br /> h. Real Property taxes paid through 9/30/97 3.80 <br /> [4560 + 100 + 12] <br /> <br /> i. Cost of Living 4% <br /> j. Number of spaces 100 <br /> <br /> Calculations from Formula: <br /> $ 277.16 [Base Rent for 1998] 277.16 <br /> x 4% [Cost of Living] 11.09 <br /> (3) 11.09 288.25 Base Rent for 1999 <br /> <br /> (4) 138.00 (Compare 138 to 105% of 134 = 140.70; 138 is less so add entire <br /> mount) <br /> (5) 4.00 <br /> <br /> 277.16 (2) <br /> 11.09 (3) <br /> 138.00 (4) <br /> 4.00 (5) <br /> (6) 430.25 Monthly Rent <br /> 25.00 Cap. Imp. Cost <br /> (7) 455.50 Adjusted Monthly Rent, rounded to the nearest half dollar <br /> EXHIBIT A-~3 <br /> <br /> (MOBn F-X~SAM) <br /> <br /> <br />