Negotiate Nine Tax Protections in Your Lease
By Glenn S. Demby, Esq.
One of the key economic questions any commercial lease must address is whether the tenant is responsible for paying real estate taxes on the property and, if so, how much. More often than not, tenants agree to accept tax liabilities, but because of the money involved, the issue is often hotly negotiated. And while every deal is different and generally reflects the bargaining power of the sides involved, there are nine protections that tenants could seek in any negotiation for tax allocation terms in the lease.