HOMESTEAD EXEMPTION Sample Clauses
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HOMESTEAD EXEMPTION. Grantor(s) reserves the right to use, occupy and reside upon any real property placed in this Trust as their permanent residence during their lives. Grantor(s) shall have the right to reside in the property rent free and without charge except for the payment of the following: (1) all mortgages costs and expenses (2) all property taxes, and (3) reasonable expenses of upkeep and maintenance. Grantor(s) retain the legal right to use and benefit from the property in all respects. It is the intent of this provision to retain for the grantor(s) the requisite beneficial interest and possessor right in and to such real property needed to retain their qualification for any exemption, freeze of tax rates and/or valuation granted to any individual or individuals so qualifying.
HOMESTEAD EXEMPTION. Grantor(s) reserves the right to use, occupy and reside upon any real property placed in this Trust as their permanent residence during their lives. Grantor(s) shall have the right to reside in the property rent free and without charge except for the payment of the following: (1) all mortgages costs and expenses
HOMESTEAD EXEMPTION. Borrower hereby waives all homestead exemptions in the Property to which Borrowers would otherwise be entitled under Applicable Law.
HOMESTEAD EXEMPTION. Owner waives and releases all rights, exemptions, and benefits under or by virtue of any homestead, homestead exemption, dower, or courtesy laws, now or hereafter applicable or in force in the jurisdiction in which the property is located.
HOMESTEAD EXEMPTION. Grantor(s) reserves the right to use, occupy and reside upon any real property placed in this Trust as their permanent residence during their lives. It is the intent of this provision to retain for the grantor(s) the requisite beneficial interest and possessor right in and to such real property to comply with Florida Statute 196.041(2), such interest being hereby declared to be "equitable title to real estate" as that term is employed in Section 6, Article VII of the State Constitution.
HOMESTEAD EXEMPTION. Tenant hereby waives and renounces any and all homestead exemption rights he may have now, or hereafter, under or by virtue of the constitution and laws of the State of Tennessee, or of any other state, or of the United States, as against the payment of said rental or any portion thereof, or any other obligation or damage that may accrue under the terms of this agreement.
HOMESTEAD EXEMPTION. If you own property in Philadelphia and it is your primary residence, you are eligible for the Homestead Exemption on your Real Estate Tax. There are no income or age requirements. Most homeowners save about $629 a year on their Real Estate Tax bill. For more information call (▇▇▇) ▇▇▇-▇▇▇▇, or visit
HOMESTEAD EXEMPTION. Minnesota offers a “homestead exemption” which reduces the amount of real estate taxes due on a taxpayer’s principal residence. In order to claim the homestead exemption, the taxpayer generally must reside in the property and it must be used as the taxpayer’s principal residence. Claiming the homestead exemption generally results in the taxpayer being considered a resident of the state and therefore subject to state tax on worldwide income. This results in an additional tax burden for the Company. To minimize the Company’s exposure to state income tax, we request that you revoke the homestead status. Further explanation will be provided by KPMG.
HOMESTEAD EXEMPTION. Lessee hereby waives and renounces for himself and family any and all homestead and exemption rights he may have now, or hereafter, under or by virtue of the constitution and laws of The State of Florida, or of any other State, or of the United States, as against the payment of said rental or any portion hereof, or any other obligation or damage that may accrue under the terms of this agreement.