Common use of FIRPTA TAX WITHHOLDING Clause in Contracts

FIRPTA TAX WITHHOLDING. If any SELLER is a “foreign person” as defined by the Foreign Investment in 501 Real Property Tax Act, the BUYER and SELLER shall comply with the Act, which may require SELLER to 502 provide additional funds at closing. SELLER agrees to disclose to the closing attorney/settlement agent 503 at least 10 days before closing if any SELLER is not a U.S. citizen or resident alien. 504 26. TIME OF ACCEPTANCE: IF THIS OFFER IS NOT SIGNED BY BUYER AND SELLER AND DELIVERED 505 TO BUYER AND SELLER OR THEIR RESPECTIVE BROKER (INCLUDING ELECTRONICALLY OR BY 506 FAX) ON OR BEFORE :01 A.M. P.M. (DATE), THIS OFFER WILL BE 507 DEEMED WITHDRAWN. 508 THE TIME FOR ACCEPTANCE OF ANY COUNTER OFFER SHALL BE HOURS (24 509 HOURS IF LEFT BLANK) FROM THE TIME THE COUNTER OFFER IS DELIVERED.

FIRPTA TAX WITHHOLDING. If any SELLER is a “foreign person” as defined by the Foreign Investment in 501 502 Real Property Tax Act, the BUYER and SELLER shall comply with the Act, which may require SELLER to 502 503 provide additional funds at closing. SELLER agrees to disclose to the closing attorney/settlement 504 agent 503 at least 10 days before closing if any SELLER is not a U.S. citizen or resident alien. 504 505 26. TIME OF ACCEPTANCE: IF THIS OFFER IS NOT SIGNED BY BUYER AND SELLER AND DELIVERED 505 506 TO BUYER AND SELLER OR THEIR RESPECTIVE BROKER (INCLUDING ELECTRONICALLY OR BY 506 FAXFAX AND 507 ELECTRONICALLY) ON OR BEFORE :01 A.M. P.M. (DATE), THIS OFFER WILL BE 507 DEEMED WITHDRAWN508 TERMINATE. 508 THE TIME FOR ACCEPTANCE OF ANY COUNTER OFFER SHALL BE HOURS 509 (24 509 HOURS IF LEFT BLANK) FROM THE TIME THE COUNTER OFFER IS DELIVERED.

FIRPTA TAX WITHHOLDING. If any SELLER is a “foreign person” as defined by the Foreign Investment in 501 Real Property Tax Act, the BUYER and SELLER shall comply with the Act, which may require SELLER to 502 provide additional funds at closing. SELLER XXXXXX agrees to disclose to the closing attorney/settlement agent 503 at least 10 days before closing if any SELLER is not a U.S. citizen or resident alien. 504 26. TIME OF ACCEPTANCE: IF THIS OFFER IS NOT SIGNED BY BUYER AND SELLER AND DELIVERED 505 TO BUYER AND SELLER OR THEIR RESPECTIVE BROKER (INCLUDING ELECTRONICALLY OR BY 506 FAX) ON OR BEFORE :01 A.M. P.M. (DATE), THIS OFFER WILL BE 507 DEEMED WITHDRAWN. 508 THE TIME FOR ACCEPTANCE OF ANY COUNTER OFFER SHALL BE HOURS (24 509 HOURS IF LEFT BLANK) FROM THE TIME THE COUNTER OFFER IS DELIVERED.