Tax Escalation Clauses
Leases have the advantage of providing long-term stability for you and your renter. But sudden real estate tax increases can destroy a carefully calculated rent and turn a lease upside down, eliminating the net income you were banking on. Is there anything you can do?
Learn about tax escalation clauses, which, when added prior to a tenancy can give you an emergency escape out of a losing lease.
We review the section of the law that applies. Attendees will learn the exact wording in our "Optional Clauses." Finally, we discuss whether escalators should be invoked routinely or only in case of emergency.