Costs of Escrow and Closing. (a) All expenses that are required to be prorated including but not limited to non-delinquent ad valorem taxes, if any, for each Phase of the Property being transferred and the lien of any bond or assessment related to each Phase of the Property being transferred shall be prorated as of the applicable Closing Date.
Costs of Escrow and Closing. Ad valorem taxes, if any, will be prorated as of the date of conveyance of the Property from the County to Developer. Developer shall pay the cost of title insurance, transfer tax, Title Company document preparation, recordation fees and the escrow fees of the Title Company, if any, and any additional costs to close the Escrow. The costs borne by Developer are in addition to the Purchase Price for the Property.
Costs of Escrow and Closing. Ad valorem taxes and other taxes, if any, will be prorated as of the date of conveyance of the Property from the City to the Developer. The lien of any bond or assessment shall be assumed by the Developer and assessments payable shall be prorated as of the date of conveyance. The City shall pay any delinquent ad valorem taxes and any amounts owning for delinquent bonds and assessments as of the date of conveyance. The Developer must pay the cost of title insurance, transfer tax, Title Company document preparation, recordation fees, and the escrow fees of the Title Company, if any, and any additional costs to close the escrow.
Costs of Escrow and Closing. City shall pay the cost for an ALTA standard leasehold title insurance policy for each of Parcels 1, 2, 4 and 5. LPC West shall pay the cost for the Title Policy above the cost of an ALTA standard leasehold title insurance policy, including the cost of extended coverage and endorsements. City shall pay the cost of any and all transfer or excise tax, the parties shall share equally escrow fees charged by the Title Company, and LPC West shall pay the Title Company’s document recordation fees, except for recordation of documents needed to remove title exceptions that City has agreed to remove pursuant to the City’s Cure Notice, which shall be paid by City. All other Closing costs shall be allocated in accordance with local custom. All items of income and expense attributable to the Parcel subject to the Closing, including any real estate taxes and assessments, shall be prorated as of 11:59 p.m. Pacific Time on the day prior to the Closing Date.
Costs of Escrow and Closing. The Developer must pay all of the City’s and Authority’s legal fees and costs, the cost of title insurance, transfer tax, Title Company document preparation, recordation fees, and the escrow fees of the Title Company, if any, and any additional costs to close the applicable escrow. The costs borne by the Developer are in addition to the Purchase Prices of the Parcels.
Costs of Escrow and Closing. Ad valorem taxes, if any, shall be prorated as of the Close of Escrow. The Developer shall pay the cost of title insurance, transfer tax, Title Company document preparation, recordation fees and the escrow fees of the Title Company, if any, and any additional costs to close the Escrow.
Costs of Escrow and Closing. (a) All ad valorem taxes for the Residential Property, if any, shall be prorated as of the Closing Date. The Developer shall pay the cost of title insurance, document preparation, recordation fees, transfer tax, if any, and any additional recording costs to close the Escrow for the Residential Property.
Costs of Escrow and Closing. Ad valorem taxes and assessments, if any, for the Property shall be prorated as of the Closing date. The Developer shall pay for any title insurance it requests or obtains. All other costs of escrow (including, without limitation, any Escrow Holder's fee, costs of title company document preparation, recording fees, and transfer tax) shall be borne one-half (1/2) by the Agency and one-half (1/2) by the Developer. The costs borne by the Developer shall be in addition to the Purchase Price.
Costs of Escrow and Closing. Ad valorem taxes and assessments, if any, on the Property, and taxes upon this Agreement or any rights hereunder, levied, assessed or imposed for any period commencing prior to conveyance of title shall be borne by the City. The Developer shall pay the cost of all title insurance policies, transfer tax, Title Company document preparation, recordation fees and escrow fees of the Title Company, if any, to close escrow.
Costs of Escrow and Closing. Ad valorem taxes, if any, shall be prorated as of the Closing Date. Developer shall pay the cost of title insurance, transfer tax, Title Company document preparation, recordation fees and the escrow fees of the Title Company, if any, and any additional costs to close the Escrow; which the parties expect to be approximately Forty-Six Thousand Dollars ($46,000). The parties further agree and acknowledge that the transfer of the Adjacent Parcel is exempt from City imposed transfer taxes pursuant to Section 8-6.50 of the Hayward Municipal Code which exempts the payment of transfer taxes where the purchaser agrees to immediately reconvey the realty to the exempt agency. The Developer shall have the sole obligation to make any applicable County transfer taxes, subject to any exemptions that may apply. The City makes no representations about the amounts of and applicability of exemptions for any transfer taxes that may be due as a result of the land swap as contemplated hereunder.
