On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Commercial Real Estate on May 15, 2014.
A case from Massachusetts caught our attention recently. The issue is payments in lieu of taxes, or PILOTs, and the confusion that can result from long-term PILOT agreements. Our readers may be familiar with the term, but they may not realize that PILOTs in Pennsylvania differ from PILOTs in other states.