Follow Us

Law.com Subscribers SAVE 30%

Call 855-808-4530 or email GroupSales@alm.com to receive your discount on a new subscription.

Commercial Law Contracts Litigation Tax

The Basics When Reviewing a Real Estate Tax Provision

There are several clauses that rarely find their way into a landlord’s initial draft of the lease that may be beneficial to a tenant. In addition, certain real estate tax provisions that are typically included in a landlord’s standard lease form need to be carefully reviewed to make sure they are fair to both the landlord and the tenant.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Real estate tax provisions usually provide that a tenant will pay either its proportionate share of all real estate taxes or the proportionate share of all such real estate taxes that are in excess of real estate taxes assessed against a property in a predetermined base tax year. There are several clauses, however, that rarely find their way into a landlord’s initial draft of the lease that may be beneficial to a tenant. In addition, certain real estate tax provisions that are typically included in a landlord’s standard lease form need to be carefully reviewed to make sure they are fair to both the landlord and the tenant.

Read These Next