Common use of Adjustments at Closing Clause in Contracts

Adjustments at Closing. The Buyer and Seller agree to adjust the following expenses as of the closing date: rents, municipal water charges, sewer charges, taxes, interest on any mortgage to be assumed and insurance premiums. If the property is heated by fuel oil, the Buyer will buy the fuel oil in the tank at the closing date. The price will be the current price at that time as calculated by the supplier. The Buyer or the Seller may require that any person with a claim or right affecting the property be paid off from the proceeds of this sale.

Adjustments at Closing. The Buyer and Seller agree to adjust the following expenses as of the closing date: rents, municipal water charges, sewer charges, taxes, interest on any mortgage to be assumed and insurance premiums. If the property Property is heated by fuel oil, the Buyer will buy the fuel oil in the tank at the closing date. The price will be the current price at that time as calculated by the supplier. The Buyer or the Seller may require that any person with a claim or right affecting the property Property be paid off from the proceeds of this sale.

Adjustments at Closing. The Buyer and Seller agree to adjust the following expenses as of the closing datedate of closing: rents, municipal water charges, and sewer charges, real estate taxes, interest on any mortgage to be assumed condominium dues, if applicable, and insurance premiumsrents. If the property is heated fueled by fuel oil, the Buyer will buy be responsible to pay the Seller for any fuel oil that remains in the tank at burner on the closing date. The price will be the current price at that time as calculated by the supplierday of closing. The Buyer or the and Seller may require that any person with a claim or right affecting the property be paid off from the proceeds of this saleprior to closing.