Posted 2015-01-27 9:07 AM Subject: RE: OT - Question for those who own a business but rent/lease the building.
The Bling Princess
Posts: 3411 Location: North Dakota
r_beau - 2015-01-27 5:17 AM Do you (the tenant) pay for property taxes?
Do you pay for the insurance for the exterior building?
I don't own my own business, but the office that we are in is rented. We do not pay the taxes; I'm sure a portion of the taxes of what the owner pays is paid by our monthly rent.
As for insurance on the building it really depends on the lease. The Lessee may require with Lessor to pay for the insurance walls in, which would be your contents coverage, however I've also seen some contracts where the Lessee requires the lessor to pay for the building insurance, but they've specified the limit, special form, replacement cost yada yada yada.