Avoid Ambiguity When Describing Allocation of Taxes

July 30, 2013
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It’s fair and reasonable for an owner to ask you to pay your share of your office building or shopping center’s property taxes during your lease term. After all, paying property taxes is no different from paying your share of other common area maintenance (CAM) costs or operating expenses. But paying your share of taxes can get tricky if you haven’t negotiated specific—and unambiguous—terms for this in your lease.

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