Common use of Taxable Possessory Interest Clause in Contracts

Taxable Possessory Interest. It is the position of FHS that this License Agreement does not create taxable possessory interest in real property. However, pursuant to Revenue and Taxation Code S107.6, Licensee is hereby notified that a taxing authority may take a contrary view and may assess Licensee property taxes based on Licensee’s interest in this License Agreement.

Appears in 6 contracts

Samples: University Village License Agreement, University Village License Agreement, University Village License Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.