If you have the opportunity to lease space for your business with a fixed-rate lease. The property owner has proposed a five-year lease with a rent of 4000 per month. How much is the rent per year How?

The rent per year can be calculated by multiplying the monthly rent by 12 months. For a lease of $4,000 per month, the annual rent would be $4,000 x 12 = $48,000. Therefore, the rent per year is $48,000.