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Consider ABC real estate Commission Agent plc with Tin (00051919400) located at Addis Ababa Lideta sub-city Woreda (n

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Consider ABC real estate Commission Agent plc with Tin (00051919400) located at Addis Ababa Lideta sub-city Woreda (n.a) Kebele 03/15) House No (441) Telephone No (+251-115-511625) and fax No (+251-115-511868). During the tax year 2010, ABC real estate commission Agent plc has leased a building from a lessor (PLC) with TIN (000ABC9124) located at Addis Ababa Bole sub-city Woreda (n.a) Kebele (26) House No (356) Telephone No(+251116-XXXXX9) and Fax No(+251-116-181216). The building has 105 m2 of rentable spaces (3 equal size rooms) on each floor including the ground floor. As per their agreement the sub-lessor leased each m2 of rentable space on the ground floor at Br 100, 1st floor at Br 90, 2nd floor at Br 80, and so forth per month that is it declines by Br 10 for each m2 of rentable space from one floor to the next upper as we go upstairs till the 5th floor. Land lease cost will be borne by the lessor. Land lease cost amounted Br 15,000. The building was constructed at Br 4 million. The sub-lessor has agreed to pay the cost of repairs and maintenance of the building. All other costs related to generating rental income from lessees will also be borne by the sub-lessor as per the lease term. The sub-lessor has withheld the withholding tax required by the law from rental payment to the lessor.