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Rental Basics in Carlsbad : Real Estate Advice

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Activity 3
Tue Oct 4, 2016
Vicki Dyar asked:
Tue Nov 1, 2011
Jason Richards answered:
A notice of escaped assesment is a delayed re-assesment of the property taxes of your building. The first step is to determine if you or the lessor is responsible for the increased property taxes. Your lease will contain this information about which party is responsible. You may want to contact your lessor or the broker that helped you lease the property.

If your lease is a triple net lease with no expense stops, you may be responsible.

If your lease is a gross or modified gross lease, it may be the property owners responsibility.

Worst case, you may want to appeal to the county with the help of the property owner.

A re-assesment usually only occurs of the property was recently sold or significant improvements were made.

Feel free to let me know if you have any additional questions.
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Tue Oct 27, 2009
Conrad Hodgson answered:
Hi Edgy,

You are one of millions of property owners in this position. I know how daunting this may be for you and your family. I work with people daily that are in your position. There are too many variables to give you advice on what to do until I see the full picture of your situation........but I will be happy to sit down and discuss what options you have. There are pro's and con's to each decision and you will be well advised to finding out just what the consequences of your decision will be. You are definitely smart to try and find answers sooner rather than later.
Feel free to contact me at conradtherealtor@gmail.com or 760-710-7606 for further assistance at no charge to you.
Have a wonderful day.
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