Documentary Transfer Taxes Sample Clauses
The Documentary Transfer Taxes clause assigns responsibility for paying taxes imposed on the transfer of documents related to the sale or conveyance of property, such as deeds or titles. Typically, this clause specifies whether the buyer or seller is liable for these taxes, and may outline the process for calculating and remitting the required amounts to the appropriate government authority. Its core function is to clarify financial obligations between parties and prevent disputes over who must bear the cost of these transfer-related taxes during a transaction.
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Documentary Transfer Taxes. Buyer shall pay and bear all documentary transfer Taxes, realty transfer Taxes and charges or fees with respect to the transfer of real property or to the recordation of the documents necessary for the transfer of real property that may be required for the transfer of the Property from Seller to Buyer.
Documentary Transfer Taxes. Buyer and Seller shall share equally in the cost of all Documentary Transfer taxes, real estate transfer taxes and conveyance fees, if any, with respect to the sale of the Included Assets.
Documentary Transfer Taxes. As Buyer and Seller are both Government Entities, Buyer and Seller anticipate that no city or county transfer taxes will be payable in connection with recordation of the Grant Deed.
Documentary Transfer Taxes. If, by the laws of the United States of America, or of any state having jurisdiction over Trustor, any tax is due or becomes due in respect of the issuance of this Deed of Trust or the Note hereby secured, Trustor covenants and agrees to pay such tax in the manner required by any such law: Trustor further covenants to reimburse Beneficiary for any sums which Beneficiary may expend by reason of the imposition of any tax on the issuance of this Deed of Trust or the Note secured hereby. Notwithstanding the foregoing, Trustor shall not be required to pay any income or franchise taxes of Beneficiary.
Documentary Transfer Taxes. As Buyer and Seller are both Government Entities, Buyer and Seller anticipate that no city or county transfer taxes will be payable in connection with recordation of the Grant Deed.