721 UPREIT FEE CHANGE WORKSHEET
Educational only. Not tax, legal or investment advice.

Issuer / partnership / unit or share class:
Governing documents and dates:
Gross charge / calculation base / accrual method:
Waiver / support / deferral / permanent change:
Covered and excluded expenses:
Expiration and earlier triggers:
Renewal evidence:
Repayment balance / conditions / recovery window:
Covered-period cost:
Later-period cost:
Possible reimbursement (avoid double counting):
Other investment and advisor-account charges:
Liquidity / tax / household-cash questions:
Follow-up owner / date / first affected statement:

Fictional example only: $800,000 constant base; year one at 0.90% is $7,200; four later years at 1.20% are $38,400; total $45,600. Assumes no growth, compounding, repayment or other costs. Not an actual offering or projection.