Common use of ADJUSTMENTS/PRORATIONS Clause in Contracts

ADJUSTMENTS/PRORATIONS. Unless otherwise expressly agreed upon, all fees shall be adjusted pro rata as of the Closing Date in accordance with what is normal and customary in the state where the property resides, including but not limited to, if applicable, real property taxes and assessments, interest, escrow fees, transfer tax fees, Association fees, water and sewer usage utilities, rent, Rent security deposits, if any, shall be credited to Buyer by Seller on the Closing Date and shall include any interest accrued to the tenant.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Estate Purchase and Sale Agreement, Estate Purchase and Sale Agreement

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