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EXAMPLE 4 <br /> Assume the following <br /> a. Adjusted Monthly Rent (1/1/98) $ 453.16 <br /> b. Capital Improvement Cost 25.00 <br /> c. Base Rent for 1998 277.16 <br /> d. Operating Expenses through 9/30/98 150.00 <br /> [180,000 _ 100 = 12] <br /> e. Operating Expenses through 9/30/97 148.00 <br /> [177,600 _ 100 - 12] <br /> f. Real Property taxes paid through 9/30/98 35.00 <br /> [42,000 = 100 - 12] <br /> h. Real Property taxes paid through 9/30/97 33.50 <br /> (due to sale of park) <br /> [40,200 _ 100 = 12] <br /> i. Real Property Taxes paid through 9/30/96 <br /> (prior to the sale of the park) 3.50 <br /> [4200 + 100 + 12] <br /> j. Cost of Living 4% <br /> k. Number of spaces 100 <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 /> (4) $ 150.00 (Compare 150 to 105% of 148 = 155.40; 150 is less so add entire <br /> amount) <br /> (5) 20.00 3.50 + 7.50 [(33.50 - 3.50) x 1/4] + 7.50 [(33.50-3.50) x 1/4] + <br /> 1.50 [35-33.50] <br /> EXHIBIT E-4 <br /> (MOBLLEXB.SAM) <br />