There are a number of issues commonly addressed in leases that are negotiated “somewhat in ignorance,” and often “with arrogance.” Strong words, we know, but we think a substantial number of readers will agree. Three such issue-areas are insurance, eminent domain, and property taxes.

Ruminations has said a lot about insurance issues (and promises more). We’ve touched on some aspects of eminent domain issues (and we promise more). We haven’t said much about property taxes. Today, we’ll say a little – specifically about whether and how a tenant should be able to get a tax appeal prosecuted. This thought came to us when we read a New Jersey Tax Court decision touching on this topic: Target Corp. v. Township of Toms River. Click on that title to see the court’s opinion. [Read more…]