NY Appeals Court Backs Rite Aid In $2M Landlord Tax Row

By David McAfee (April 10, 2013, 3:24 PM EDT) -- A New York state appeals court on Tuesday refused to dismiss claims by Rite Aid of New York Inc. alleging that a property manager overbilled the retail drugstore by at least $1.85 million for its share of property taxes, saying Rite Aid showed that they didn't have necessary information to determine they had been overcharged.

Rite Aid filed the lawsuit against Chalfonte Realty Corp. a year ago, saying the pharmacy agreed to pay 50 percent of any annual property tax increases assessed against the property leased by Rite Aid in addition to monthly rent, but then realized it had been unwittingly...

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