RE Taxes definition
Examples of RE Taxes in a sentence
Gross Income $2,487,704 $2,537,459 $2,588,208 $2,639,972 $2,692,772 $2,746,627 $2,801,560 $2,857,591 $2,914,742 $2,973,037 Expenses: R.E. Taxes $299,997 $305,997 $312,117 $318,359 $324,726 $331,221 $337,845 $344,602 $351,494 $358,524 Insurance $52,173 $53,216 $54,281 $55,366 $56,474 $57,603 $58,755 $59,930 $61,129 $62,352 Management $124,385 $126,873 $129,410 $131,999 $134,639 $137,331 $140,078 $142,880 $145,737 $148,652 Gen.
After the end of each calendar year, and following receipt of ▇▇▇▇▇▇▇▇ for RE Taxes and Insurance, LL shall supply T w/ a summary of all costs and expenditures as enumerated above and a determination of T's PRS thereof.
Project: Pelican Sound Location: 10200 Gandy Boulevard ▇▇▇▇: 08/28/96 Gross Income Estimate: Unit Type No. Rent/Mo. Rent/Yr. Vacancy Rate: 7.00% Expenses: Other Income: 3.00% (1) 1/1 128 $490.00 $752,640 Income Growth: 3.00% R.E. Taxes $1.15 /Sq.Ft. Expense Growth: 2.00% Insurance $0.20 /Sq.Ft. (2) 1/1 156 $565.00 $1,057,680 Reversion: Management 5.00% EGI Cap.
Notwithstanding anything contained in this paragraph to the contrary, if the RE Taxes in any calendar year after the Base Year shall be lower than the RE Taxes for the Base Year, Tenant shall be entitled to a credit, based on Tenant’s Proportionate Share of such decrease, which credit shall be applied to the following year’s billing for increased RE Taxes.
For examples, the amount of Premises RE Taxes included in Master Lease Expenses for the calendar year 2020 shall not exceed [***] of the Premises and the amount of Premises RE Taxes included in Master Lease Expenses for the calendar year 2021 shall not exceed [***] of the Premises.
In the event that any credit amount due hereunder to Tenant results from Landlord prosecuting a successful legal proceeding with regard to the RE Taxes, Landlord shall be entitled to retain twenty-five percent (25%) of any such credit amount due Tenant.
Notwithstanding the foregoing, for purposes of this Sublease and as between Sublessor and Sublessee only, the amount of Premises RE Taxes included in Master Lease Expenses for purposes of calculating Sublessee’s Project Pro Rata Share of Master Lease Expenses shall not exceed [***] for the 2019 calendar year and shall not increase more than [***] per annum on a cumulative compounding basis over such amount.
At the Disbursement Closing, Buyer shall reimburse Current Owner in an amount equal to BR-TBR Owner’s pro rata share of RE Taxes for those days in such tax period during which BR-TBR Owner will own the Property (such pro rata share to be based on the Land’s acreage compared to the Original Parcel’s total acreage if the Property is not separately assessed at Closing).
In connection with the foregoing, Tenant shall pay the Premises RE Taxes before delinquency, and provide Landlord with satisfactory evidence that such Premises RE Taxes have been timely paid.
Property Acquisition $625,000 $475,000 $1,100,000 Rehabilitation $10,000 $10,000 $20,000 Inspection Reports $2,000 $2,000 $4,000 RE Taxes & Assessments $3,000 $2,500 $5,500 Mortgage Loan Fees $4,687 $3,563 $8,250 Appraisal $3,000 $3,000 $6,000 Consultant Fees $3,000 $3,000 $6,000 Title & Escrow Fees $3,500 $3,000 $6,500 B.