Common use of CLOSING AND SETTLEMENT Clause in Contracts

CLOSING AND SETTLEMENT. The Seller/Landlord/Landlady shall determine the title company at which settlement shall occur and shall inform Xxxxx/s/Tenant/s of this location in writing. The Buyer/s/Tenant/s agree/s that closing costs in their entirety, including any points, fees, and other charges required by the third-party lender, shall be the sole responsibility of Buyer/s/Tenant/s. The only expense related to closing costs apportioned to Seller/Landlord/Landlady shall be the pro-rated share of the ad valorem taxes due at the time of closing, for which Seller/Landlord/Landlady is solely responsible.

Appears in 8 contracts

Samples: Rent to Own Agreement, Rent to Own Agreement, Rent to Own Agreement

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