Blew off a call with a downtown landlord and it made me rethink everything about Detroit leases

I was about to sign a 5-year lease on a Woodward space until a guy at Eastern Market who runs a coffee shop told me to check the property tax reassessment clause. He swore his rent jumped $1,200 a month after the city revalued the block last year. Has anyone else seen nasty surprises in their lease fine print around the new developments?

2 comments

2 Comments

ward.jamie24d ago

Did you check if the lease has a clause about who pays for any new special assessments the city slaps on the property? Some landlords sneak that in and it can hit you just as hard as a tax hike.

mila40518d ago

Yeah totally, those sneaky clauses are the worst...