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

March 28, 2024

To: Jackson Township Rent Leveling Board Members

RE: Application-Fountainhead Properties, Inc, CPI Rent Increase-2024

Dear Board Members:

Enclosed please find the proposed CPI Rent Increase application for Fountainhead Properties, Inc., (applicant). The applicant is entitled to a maximum CPI increase of 4.1%, The increase is effective for April 1, 2024.

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

Sincerely,

Carmen J. Memoli, CPA