Quote:
Originally Posted by Resolute 14
The Flames have no property taxes because they don't own the building or the land. However, they have been responsible for building maintenance, upkeep, renovation and repair of the building for years. I don't think back to the 1994 agreement itself, but I wanna say late 90s. So they very much do have 'building costs'.
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In most commercial leases, the tenant pays enough rent to cover the owner's maintenance costs, tax costs, some capital investment costs, plus a little something for profit. At least, that is the idea.