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Pao Prieto's profile image
Pao Prieto's profile image
Pao Prieto
  • Real Estate Agent
  • from Northridge, California
  • Member since Jul 3, 2015
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Pao Prieto's profile image
Pao Prieto's profile image
Pao Prieto
  • Real Estate Agent
  • from Northridge, California
  • Member since Jul 3, 2015
Connect
Pao Prieto
  • Real Estate Agent
  • Northridge, CA
1
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10
Posts
Commercial Real Estate Investing

Commercial Tenant on a NNN Lease

Pao Prieto
  • Real Estate Agent
  • Northridge, CA
Posted Jan 20 2018, 08:17

Hello Investors!

Here in CA when you buy a property, the property tax will be a % of the sales price. With this being said, If i were to buy a commercial property with a NNN leases, can I immediately increase the share of the property tax since it will significantly change due to a new sales price?

What would be the process in informing the tenant that his share of the property tax will increase?

Can this also apply to other types of commerical leases?

Thank you and have a wonderful day ahead!

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