>$2M Commercial Letter of Engagement

STEP 1 of 2

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This letter of engagement confirms that we, Fair Assessments, LLC, (“Fair Assessments”) have been retained by you (the “Client”), to provide the property tax services (the “Services”) as set out below in connection with the property tax assessment to be appealed.

Scope of Services 

• Review the proposed commercial assessment notices issued by the various Tax Assessors. During this process, we will review the subject property and market data to identify and develop opportunities for reduced property tax assessments.
• As appropriate, prepare and timely file protests, notices of appeal, or other documents necessary to challenge, either informally or formally, the property tax assessments.
• The appeal will be to the Board of Equalization. Fair Assessments will attend a Board of Equalization hearing, if needed, and on client's behalf provided the hearing date and time is provided in a timely manner. Services for superior court appeals are not provided under this agreement. 

Fees

Client will pay Fair Assessments an administrative fee of $695 for tax year 2023 for real property consultation and representation services. The administrative fee is due upon engagement. 

Term

This engagement will cover services related to the 2023 tax year, and will remain in effect until all services have been completed or ceased. 

Property Tax Consulting Work Product

Our work product will be based upon the information provided by and on behalf of you and the management of the Client. We assume no responsibility and make no representations with respect to the accuracy or completeness of any information provided by and on behalf of the Client management. Our work product may be based on information from third parties. We assume no responsibility and make no representations to the accuracy or completeness of any  information from third party sources. There will usually be differences between estimated and actual results because events and circumstances frequently do not occur as expected, and those differences may be material.

Preservation of Confidential Information

Fair Assessments will not disclose to any third party any confidential information which is received from the other party for the purposes of providing or receiving Services, which, if disclosed in tangible form, is marked confidential, or if disclosed otherwise, is confirmed in writing as being confidential. Either party will be entitled to disclose confidential information of the other (a) to our respective insurers or legal advisors, or (b) to a third party to the extent that this is required by any court of competent jurisdiction, or by a governmental or regulatory authority.

Other Terms and Provisions

The Client and Fair Assessments acknowledge that the Client may, in writing, add or delete locations during the course of this arrangement for tax year 2022. Administrative fees are not refundable on properties where tax assessment appeals have been filed. Administrative fees for added properties will be paid by Client.

You accept and acknowledge that we have not made any warranties or guarantees, whether express or implied, with respect to the Services or the results that you may obtain as a result of the provision of the Services.

Except in the event of our willful misconduct or fraud, in no event will we be liable to you (or any person claiming through you) under this Letter of Engagement, under any legal theory, for any amount in excess of the total professional fees paid by you to us under this Letter of Engagement.

Client agrees that Fair Assessments has the authority to settle the appeal at any value deemed appropriate by Fair Assessments.

We reserve the right to use your name and a description of the nature of the Engagement in general marketing materials.

Mandatory Binding Arbitration: Fair Assessments and Client will cooperate with one another in avoiding and informally resolving disputes between them. Fair Assessments and Client acknowledge that in the event of disputes that are not informally resolved, resolution will best be achieved through arbitration rather than civil litigation because of the substantial savings of time and expense for all parties and because of the privacy and flexibility associated with arbitration procedures. Any unresolved claim or dispute of any kind or nature between Fair Assessments and Client arising out of or relating in any manner to this Letter of Engagement, whether characterized as a contract claim or otherwise, shall be decided by binding arbitration in accordance with Official Code of Georgia
Annotated section 9-9-1, et seq. and with the rules and procedures of the arbitrator and such decision shall be final. If Fair Assessments and Client do not otherwise voluntarily agree on the arbitrator, the arbitrator shall be The Ripans Law Firm LLC. 

The Client agrees to forward any property tax correspondence from the taxing jurisdiction(s) to Fair Assessments in a timely manner. The Client acknowledges that Fair Assessments shall not be held responsible for any consequences arising from Fair Assessments’ non-receipt of taxing jurisdiction correspondence in a timely manner. 

Confirmation of Terms of Engagement Letter to Provide Property Tax Consulting Services

Having read this Letter of Engagement from Fair Assessments, LLC, we acknowledge acceptance of and agree to engage Fair Assessments, LLC upon the terms of the same.