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May 1997 Rent Increase Calculations <br />Site 9: 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 commencement of the leases and <br />two (2) months before the commencement of the lease as published by the United States <br />Department of Labor, Bureau of Labor Statistics for All Consumers for the Los Angeles - <br />Anaheim- Riverside area. <br />Feb. 1196 CPI = 156.2 <br />Feb. 1197 CPI = 159.2 <br />$1,000.00 multiplied by 159.2 = $159,200 <br />$159,200 divided by 156.2 = $1,019.00 <br />Rent Increase Percentage: 1.92% <br />Rent Increase Dollar Amt: $19.00 <br />Monthly rent for the year May 20, 1997 through May 19, 1998 is $1,019.00 <br />Prorated Rent: <br />$19.00/31 =0.61 <br />0.61x12 =$7.35 <br />$1,019.00 + $7.35 = $1,026.00 <br />June 1, 1997 rent check will be in the amount of $1,026.00 <br />C: \My Doc \Rent Inc \CPI Calc <br />