Example
| |
Assuming a lease or periodic tenancy expires in May of 2014,
and the base rent is $1,500 per month:
| |
a)
|
254.285 CPI for January of 2014 (the fourth month preceding
the month of termination);
|
b)
|
249.317 CPI for January of 2013 (the 16th month preceding the
month of termination);
|
c)
|
4.968 difference in the CPI (subtract b. from a.);
|
d)
|
1.993% percentage change in the CPI (take c. and divide by b.);
|
e)
|
$29.90 permissible CPI increase (multiply the base rent by e.
$1,500 x 1.993% - $26.85). Round to the nearest dollar after including
any tax increase/decrease from Subsection D(2).
|