Allocation of Closing Costs. Closing costs shall be allocated as set forth below: (i) Escrow charges: 50% to Buyer and 50% to Seller. (ii) Recording fees for Deed: 100% to Seller. (iii) Title insurance premium for the Title Policy: 100% to Seller for the premium for standard owner’s coverage in the amount of the Purchase Price. Buyer shall be solely responsible for the cost of extended coverage and all endorsements other than endorsements obtained by Seller to remove exceptions Seller agrees to remove, which shall be at Seller’s cost. (iv) Transfer taxes: 100% to Seller. (v) Survey costs: 100% to Seller for the initial Survey; 100% to Buyer for updates, modifications or recertification. (vi) Attorneys’ Fees: Each party to pay its own fees. (vii) Other: According to custom where the Property is located.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Rancon Realty Fund Iv), Purchase and Sale Agreement (Rancon Realty Fund V)
Allocation of Closing Costs. Closing costs shall be allocated as set forth below:
(i) Escrow charges: 50% to Buyer and 50% to Seller.
(ii) Recording fees for Deed: 100% to Seller.
(iii) Title insurance premium for the Title Policy: 100% to Seller for the premium for standard owner’s coverage in the amount of the Purchase Price. Buyer shall be solely responsible for the cost of survey and extended coverage and all endorsements other than endorsements obtained by Seller to remove exceptions Seller agrees to remove, which shall be at Seller’s cost.
(iv) Transfer taxes: 100% to Seller.
(v) Survey costs: 100% to Seller for the initial Survey; 100% to Buyer for updates, modifications or recertificationand certification.
(vi) Attorneys’ Fees: Each party to pay its own fees.
(vii) Other: According to custom where the Property is located.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Strategic Realty Trust, Inc.), Purchase and Sale Agreement (Strategic Realty Trust, Inc.)
Allocation of Closing Costs. Closing costs shall be allocated as set forth below:
(i) Escrow charges: 50% to Buyer and 50% to Seller.
(ii) Recording fees for Deed: 100% to Seller.
(iii) Title insurance premium for the Title Policy: 100% to Seller for the premium for standard owner’s coverage in the amount of the Purchase Price. Buyer shall be solely responsible for the cost of survey and extended coverage and all endorsements other than endorsements obtained by Seller to remove exceptions Seller agrees to remove, which shall be at Seller’s cost.
(iv) Transfer taxes: 100% to Seller.. 941120.4
(v) Survey costs: 100% to Seller for the initial Survey; 100% to Buyer for updates, modifications or recertificationand certification.
(vi) Attorneys’ Fees: Each party to pay its own fees.
(vii) Other: According to custom where the Property is located.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Strategic Realty Trust, Inc.)
