Finances/Rent
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For our 272 Capp Street lease, rent increases on April 1 of each year, by 3%.
| Date of increase | Rent | x | % | = | Increase Amount | = | New Rent (= Rent + Increase Amount) |
|---|---|---|---|---|---|---|---|
| Year 1: April 1, 2020-21 | $ 9,000.00 | x | 3% | = | 0 | = | $ 9,000.00 |
| Year 2: April 1, 2021-22 | $ 9,000.00 | x | 3% | = | $ 270.00 | = | $ 9,270.00 |
| Year : April 1, 2022-23 | $ 9,270.00 | x | 3% | = | $ 278.10 | = | $ 9,548.10 |
| Year 4: April 1, 2023-24 | $ 9,548.10 | x | 3% | = | $ 286.44 | = | $ 9,834.54 |
| Year 5: April 1, 2024-25 | $ 9,834.54 | x | 3% | = | $ 295.04 | = | $ 10,129.58 |
| Year 6: April 1, 2025-26 | $ 10,129.58 | x | 3% | = | $ 303.89 | = | $ 10,433.47 |
| Year 7: April 1, 2026-27 | $ 10,433.47 | x | 3% | = | $ 313.00 | = | $ 10,746.47 |
| Year 8: April 1, 2027-28 | $ 10,746.47 | x | 3% | = | $ 322.39 | = | $ 11,068.86 |
| Year 9: April 1, 2028-29 | $ 11,068.86 | x | 3% | = | $ 332.07 | = | $ 11,400.93 |
| Year 10: April 1, 2029-30 | $ 11,400.93 | x | 3% | = | $ 342.03 | = | $ 11,742.96 |