Many commercial real estate tenants are looking to take advantage of record low lease rates, a few of them are also taking a look at the property tax assessed on the building they rent. Making sure your building is properly assessed is important whether you or your landlord is responsible for the property tax payments.
Why would you care what the taxes are, especially if your lease does not require you to pay the property taxes? Saving your landlord money always allows more negotiation on your current lease and frees up capital for your landlord to use those dollars improving the building you rent. The painting or new parking lot that is always promised may be closer to reality, that is if you can show them the dollars to do it.
For those that are on a net lease or pay their portion of property taxes as outlined in the lease agreement, challenging your property tax will have an immediate savings. Any individual with this type of lease structure should look to save costs through ensuring fair property tax assessments, our average commercial assignment saves the taxpayer on average, $3900 per year. Obviously larger properties have a proportionately larger savings available to them.
Interested in saving yourself or your landlord money, start here >>
