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Landlord Tenant Law Tax

The Tax-Exempt Entity’s Property and a Lessee’s Private Purpose

When a tax-exempt property’s use by a lessee involves an element of private profit. Is the tax-exempt status lost?

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State and local governments grant tax-exempt status to properties that are used for certain activities, including religious and charitable purposes. Properties owned by government and educational institutions are tax-exempt as well, and these exemptions can extend to lessees of such property under certain circumstances, such as when the property continues to be used for a public purpose and such use is related to the function of the lessor entity.

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