The formula to calculate the Straight Line Rent (Rsl) is:
\[ Rsl = \frac{SRP}{CL} \]
Where:
Let's say the sum of all rent payments (SRP) is $24,000 and the total contract term length (CL) is 24 months. Using the formula:
\[ Rsl = \frac{24000}{24} \]
We get:
\[ Rsl = 1000 \, \text{per month} \]
So, the straight line rent is $1000 per month.
