Closing may be conducted by mail. The current year’s assessments and any special assessments, association dues and fees, current year’s ad valorem taxes, insurance, interest, rents, and all similar items applicable shall be prorated between Seller and Buyer to the Closing Date, with Buyer being responsible for the day of Closing. Should any additional assessments, other costs, or taxes be levied or charged as a result of any change of use of the Property attributable to Buyer, such amounts shall be the exclusive responsibility of Buyer to pay. Buyer should not rely on the Seller’s current property taxes as the amount of property taxes that the Buyer may be obligated to pay in the year subsequent to purchase. A change of ownership, use of property, or property improvements triggers reassessments of the property that could result in higher property taxes. Buyer is responsible for any and all fees associated with any reassessments and property’s
Appears in 3 contracts
Samples: Real Property Sale Contract, Real Property Sale Contract, Real Property Sale Contract
Closing may be conducted by mail. The current year’s assessments and any special assessments, association dues and fees, current year’s ad valorem taxes, insurance, interest, rents, and all similar items applicable shall be prorated between Seller and Buyer to the Closing Date, with Buyer being responsible for the day of Closing. Should any additional assessments, other costs, or taxes be levied or charged as a result of any change of use of the Property attributable to Buyer, such amounts shall be the exclusive responsibility of Buyer to pay. Buyer should not rely on the Seller’s current property taxes as the amount of property taxes that the Buyer may be obligated to pay in the year subsequent to purchase. A change of ownership, use of property, or property improvements triggers reassessments of the property that could result in higher property taxes. Buyer Xxxxx is responsible for any and all fees associated with any reassessments and property’s
Appears in 1 contract
Samples: Real Property Sale Contract