Possessory Interest Taxes. This Lease creates a possessory property interest in Tenant. Tenant’s property interest may be subject to property taxation, and Tenant or the party in whom the possessory interest is vested shall be responsible for payment of any and all property taxes levied on the interest (collectively, “Possessory Interest Taxes”).
Appears in 5 contracts
Sources: Lease Agreement, Lease Agreement, Lease Agreement
Possessory Interest Taxes. This Lease creates a possessory property interest in Tenant. Tenant’s 's property interest may be subject to property taxation, and Tenant or the party in whom the possessory interest is vested shall be responsible for payment of any and all property taxes levied on the interest (collectively, “("Possessory Interest Taxes”)."
Appears in 1 contract
Sources: NNN Lease