A 2,500 SF property is advertised at $18 per square foot. What is the tenant's monthly rent payment?

Study for the Arizona Real Estate Exam. Boost your knowledge with flashcards and multiple choice questions with explanations. Be exam-ready with our comprehensive review!

To find the tenant's monthly rent payment, we first calculate the annual rent based on the advertised price per square foot and the total square footage of the property.

  1. Determine the annual rent: Multiply the total square footage (2,500 SF) by the cost per square foot ($18).

2,500 SF × $18/SF = $45,000 per year.

  1. Convert the annual rent to a monthly rent: To do this, divide the annual rent by 12 months.

    $45,000 ÷ 12 = $3,750.

Thus, the tenant's monthly rent payment is correctly calculated as $3,750.

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