222 Oak Avenue, Suite 5 Torns River, NJ 08753 732.240.3366 | fax 732.240.5305 memolicpa.com

May 22, 2025

To: Jackson Township Rent Leveling Board Members

RE: Application-Fountainhead Properties, Inc, CPI Rent Increase-2025

Dear Board Members:

We received a proposed CPI Rent Increase application for Fountainhead Properties, Inc., (the applicant) for 2025. The applicant is entitled to a maximum CPI increase of 2.9%, The increase is effective for June 1, 2025, or in accordance with the lease renewal date, whichever is later.

In reviewing this application, we found a complete application without any issues or discrepancies.

Sincerely,

Carmen J. Memoli, CPA