What changes, what does not, and what to confirm against your own documents. Your mortgage terms, balance, maturity, and lender are unchanged, and only the annual installment carries priority — not the principal balance. Your insurance requirements will appear in the Financing Agreement, and the premium effect is a broker question. Your tenants, in most commercial lease structures, carry the assessment through CAM or expense pass-through — but that is never automatic. The lease question is stated plainly: whether the assessment is recoverable is a lease-language question and a counsel question, to confirm against your actual leases before you build it into your model, not after. Ends with three things to hand to counsel.
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