Common use of Other Closing Costs Clause in Contracts

Other Closing Costs. Seller(s) shall pay the utilities, property taxes, and home owner association dues (if any), until the date of closing. Seller(s) also pay the government excise taxes. Buyer(s) pay the utilities, property taxes, and home owner association dues arising after the date of closing. Buyer(s) assume any charges and assessments due after closing. Buyer(s) pay the recording fee for the Deed. Sellers Disclosure: Buyer(s) acknowledged that Buyer(s) have received the residential real property disclosure form, Lead Paint Disclosure form for homes built prior to 1978. Buyer(s) Right: Buyer(s) can terminate the Agreement anytime. Buyer(s) can extend the Closing Date one time, for another 30 days, by paying $100/day to the Seller. The fee paid to the seller for extending the contract is in addition to the Purchase Price and must be paid in advance. The fee paid for any extension day, which is not utilized, will be credited towards the Purchase Price. Sellers’ Warranties: Seller(s) warrants that he, she, they or it has the right and ability to sell and transfer title and possession of the subject property. Seller(s) also agree to cooperate with the Buyer(s) to complete the transaction, by, for example, providing reasonable access to the property as needed by various state certified appraisers and inspectors with 48 hours notice, timely signing all the documents necessary to close the transaction as required by the escrow/title company. Seller(s) further warrant that the Seller(s) remain obligated to this Agreement, as long as Buyer(s) name, purchase price, closing dates, any extension are decided on Faira platform, consistent with the minimum price and the latest dates communicated by the Seller(s) on the Faira platform. Faira is not a party to the Agreement.

Other Closing Costs. Seller(s) shall pay the utilities, property taxes, and home owner association dues (if any), until the date of closing. Seller(s) also pay the government excise taxes. Buyer(s) pay the utilities, property taxes, and home owner association dues arising after the date of closing. Buyer(s) assume any charges and assessments due after closing. Buyer(s) pay the recording fee for the Deed. Sellers Disclosure: Buyer(s) acknowledged that Buyer(s) have received the residential real property disclosure form, Lead Paint Disclosure form for homes built prior to 1978. Buyer(s) Right: Buyer(s) can terminate the Agreement anytime. Buyer(s) can extend the Closing Date one time, for another 30 days, by paying $100/day to the Seller. The fee paid to the seller for extending the contract is in addition to the Purchase Price and must be paid in advance. The fee paid for any extension day, which is not utilized, will be credited towards the Purchase Price. Sellers’ Warranties: Seller(s) warrants that he, she, they or it has the right and ability to sell and transfer title and possession of the subject property. Seller(s) also agree to cooperate with the Buyer(s) to complete the transaction, by, for example, providing reasonable access to the property as needed by various state certified appraisers and inspectors with 48 hours notice, timely signing all the documents necessary to close the transaction as required by the escrow/title company. Seller(s) further warrant that the Seller(s) remain obligated to this Agreement, as long as Buyer(s) name, purchase price, closing dates, any extension are decided on Faira platform, consistent with the minimum price and the latest dates communicated by the Seller(s) on the Faira platform. Faira is not a party to the Agreement.