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May 1998 Rent Increase Calculations <br />Site No: CM- 024 -21 <br />Base Rent: $1,000.00 <br />Increase in rent amount is based on the percent of increase in the Consumer Price Index <br />between the periods fourteen (14) months before the anniversary of the commencement <br />date of the lease and two (2) months before the anniversary date as published by the <br />United States Department of Labor, Bureau of Labor Statistics for All Consumers for the <br />Los Angeles - Oakland -San Jose area. <br />March 1997 CPI = 159.8 <br />March 1998 CPI = 161.4 <br />$1,000.00 x 161.4 = $161,400 <br />$161,400 / 159.8 = $1,010.01 <br />Rent Increase Percentage: 1.00% <br />Rent Increase Dollar Amt: $10.013 <br />Monthly rent for the year May 20, 1998 through May 19, 1999 is $1,011.00 <br />Prorated Rent: <br />$10.013 / 31 = $0.323 <br />$0.323 x 12 = $3.876 <br />$1,011.00 + $3.876 = $1,014.88 <br />June 1998 rent check will be in the amount of $1,014.88 <br />C: \May98\ CM CPICalc <br />