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

October 24, 2024

To: Jackson Township Rent Leveling Board Members

RE: Application-GM Prospect Pointe, CPI Rent Increase-2024-2025

Dear Board Members:

Enclosed please find the proposed CPI Rent Increase application for GM Prospect Pointe (applicant). The applicant is entitled to a maximum CPI increase of 4.1%, plus an additional 1.5% for heat provided, thus the total CPI Increase would be 5.6%. The increase is effective for annual leases ending on October 31, 2024, November 30, 2024, December 31, 2024, January 31, 2025, February 28, 2025, and March 31, 2025, respectively.

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

Sincerely,

Carmen J. Memoli, CPA