View Single Post
Old 09-22-2017, 12:46 PM   #2247
GioforPM
Franchise Player
 
Join Date: Oct 2014
Location: Springbank
Exp:
Default

Quote:
Originally Posted by calgaryblood View Post
Do they own the land they operate on for 10 days a year?
The non profit exemption makes sense. But not owning land doesn't stop a person from having to pay property tax (and I don't mean just as absorbed into a global rent amount). Most commercial leases are triple net, so a renter is given the tax bill and pays it (divided per month). On the other hand, being a non-profit doesn't exempt a party from paying rent (of course).
GioforPM is offline