Income and Expense Allocations. The following shall be prorated, on a calendar-month basis, to the 1st day of the month of the closing: rents and other income from the Property; operating expenses (on such service contracts and other obligations as Purchaser may agree to assume); and general and real property taxes and personal and business property taxes for the year of closing (based on the most recent assessment and the most recent levy).
Appears in 6 contracts
Samples: Purchase Contract (Cornerstone Realty Income Trust Inc), Purchase Contract (Cornerstone Realty Income Trust Inc), 4 Purchase Contract (Cornerstone Realty Income Trust Inc)
Income and Expense Allocations. The following shall be prorated, on a calendar-month basis, to the 1st day of the month of the closing: rents and other income from the Property; operating expenses (on such service contracts and other obligations as Purchaser may agree to assume); and general and real property taxes and personal and business property taxes for the year of closing (based on the most recent assessment and the most recent levy).
Appears in 4 contracts
Samples: Purchase Contract (Cornerstone Realty Income Trust Inc), Purchase Contract (Cornerstone Realty Income Trust Inc), Purchase Contract (Cornerstone Realty Income Trust Inc)
Income and Expense Allocations. The following shall be prorated, on a calendar-month basis, to the 1st day of the month of the closing: rents and other income from the Property; operating expenses (on such service contracts and other obligations as Purchaser may agree to assume); and general and real property taxes and personal and business property taxes for the year of closing (based on the most recent assessment and the most recent levy).
Appears in 1 contract
Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)
Income and Expense Allocations. The following shall be prorated, on a calendar-month basis, to the 1st day date of the month of the closingClosing: rents and other income from the Property; operating expenses (on such service contracts and other obligations as Purchaser may agree to assume); and general and real property taxes and personal and business property taxes for the year of closing Closing (based on the most recent assessment and the most recent levy).
Appears in 1 contract
Samples: First Modification to Purchase Contract (Cornerstone Realty Income Trust Inc)
Income and Expense Allocations. The following shall be prorated, on a calendar-month basis, to the 1st day of the month of the closing: , rents and other income from the Property; operating expenses (on such service contracts and other obligations as Purchaser may agree to assume); and general and real property taxes and personal and business property taxes for the year of closing (based on the most recent assessment and the most recent levy).
Appears in 1 contract
Samples: Purchase Contract (Apple Residential Income Trust Inc)
Income and Expense Allocations. The following shall be prorated, on a calendar-month basis, as of 12:00 midnight on the day prior to the 1st day of the month of the closing: rents and other income from the Property; operating expenses expenses; any pre-paid rent; advances and/or consideration (on such service contracts and other obligations as Purchaser may agree to assume); and general and real property taxes and personal and business property taxes for the year of closing (based on the most recent assessment and the most recent levy).
Appears in 1 contract
Samples: Purchase Contract (Apple Residential Income Trust Inc)
Income and Expense Allocations. The following shall be prorated, on a calendar-month basis, to the 1st day of the month of the closing: rents and other income from the Property; operating expenses (on such service contracts and other obligations as Purchaser may agree to assume); and general and real property 3 taxes and personal and business property taxes for the year of closing (based on the most recent assessment and the most recent levy).
Appears in 1 contract
Samples: Purchase Contract (Apple Residential Income Trust Inc)
Income and Expense Allocations. The following shall be prorated, on a calendar-month basis, to the 1st day of the month of the closing: rents and other income from the Property; operating expenses (on such service contracts and other obligations as Purchaser may agree to assume)) ; and general and real property taxes and personal and business property taxes for the year of closing (based on the most recent assessment and the most recent levy).
Appears in 1 contract
Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)
Income and Expense Allocations. The following shall be prorated, on a calendar-month basis, to the 1st day date of the month of the closingClosing: rents and other income from the Property; operating expenses (on such service contracts and other obligations as Purchaser may agree to assume); and general and real property taxes and personal and business property taxes for the year of closing (based on the most recent assessment and the most recent levy).
Appears in 1 contract
Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)