The relevant clause is; "the cost and expense of complying with all federal, state and local laws, orders, regulations and ordinances applicable to the Property which are now in force"----> would this includes property tax?

Old post, but I'm bumping it back up, because it's more relevant than ever.

It is extremely relevant.

Keeping these roles clearly in mind, documented accordingly, seems to satisfy the distinctions drawn by the relevant regulating statutes. 

As much as the indicators you mentioned above sound relevant, the market always looks ahead so those are lagging indicators.I wrote on another thread that was created by @Jon Klaus . 

@Aaron Mazzrillo , I wish I had the foresight to study something so relevant to my current line of business, so I am going to take that as a compliment. 

Your building regs department can give you a list of violations, they may or may not be empty.It's not that folks here can't answer relevant questions about RE, it's the question asked and suggesting that such a list does exist that is in error. :) 

Nardelli was notably criticized for cutting back on knowledgeable full-time employees with experience in the trades and replacing them with part-time help with little relevant experience.[5] This move reduced costs, but hurt customer service at a time when Lowe's was making inroads nationwide.

MichaelP.s this is relevant because I'm in contract on a multifamily built in early 1900s with lots of original detail, windows, etc.

don't know who those guys are do they have last names.some of the travelling and on line guru stuff is rehashed old info that is not relevant to being not legal.I have seen some do very well once they have gone through the hands on training that some of the coachs do.. its not cheap and its a year long process.. but it is every thing you need to know to succeed .. its frankly more the individual than it is the teacher.. not everyone is cut out to be in this business... it appears much easier than it really is.