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I am in a commercial business contract in Houston Texas.....

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at the end of my...
I am in a commercial business contract in Houston Texas..... at the end of my first year the Owner sent a notice saying the were 25,000 under budget or triple nets and are asking me to pay 3,000 dollars. They say the majority of it is Real Estate tax and they are trying to fight it with the city. Do I have to pay this?
Submitted: 3 years ago.Category: Legal
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Answered in 2 hours by:
6/9/2015
Lawyer: Maverick, Attorney replied 3 years ago
Maverick
Maverick, Attorney
Category: Legal
Satisfied Customers: 6,427
Experience: 20 years experience as a civil trial and appellate lawyer
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Welcome. My name is Maverick. I very much enjoy what I do and I hope that you will benefit from the information or assistance that I provide.
It is true that in a triple net lease agreement the lessee may be designated as being solely responsible for all of the costs relating to the asset being leased. These costs would be in addition to the rental fee. This type of lease requires the lessee to pay for net real estate taxes on the leased asset, net building insurance and net common area maintenance.
That said, I am not sure if I have answered your question. If not, can you please provide more background facts so that I may better assist you?
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