Property Taxes and Insurance. For so long as the Seller Carry Back Loan is outstanding, Buyer shall insure that all property taxes with respect to the Property are timely paid when due, and that that the Property is insured for its full fair market value. For so long as the Seller Carry Back Loan is outstanding, Seller shall have the right to approve Buyer’s insurance with respect to the Property (which approval shall not be unreasonably withheld, conditioned, or delayed), and Buyer shall name Seller as an additional insured on such policy. Upon request, Buyer shall provide Seller with certificates of insurance reflecting such coverage from time to time.
Property Taxes and Insurance a. TENANT shall purchase and maintain throughout the Term, special form-causes of loss insurance covering the Premises on a replacement cost basis including all improvements made to the Building by TENANT, at commercially reasonable rates. Such insurance must be approved by LANDLORD and be maintained under valid and enforceable policies issued by insurers of recognized responsibility, licensed to do business in the State of Florida. TENANT further agrees to pay the ad valorem property taxes on the Premises, on or before November 30th so that the maximum discount is available.
Property Taxes and Insurance. (a) Tenant shall purchase and maintain throughout the Term, special form-causes of loss insurance covering the Premises on a replacement cost basis including all improvements made to the Building by Tenant, at commercially reasonable rates. Such insurance must be approved by Landlord and be maintained under valid and enforceable policies issued by insurers of recognized responsibility, licensed to do business in the State of Florida. Tenant further agrees to pay the ad valorem property taxes on the Premises, on or before November 30th so that the maximum discount is available.
Property Taxes and Insurance. Property Taxes The Campground is required to keep a current register of guests and to report the names and addresses of guests to the City of Saco or Old Orchard Beach, depending on where your unit is located in the Campground. You will receive a statement from the municipality for your personal property tax bill. The owner listed on April 1st will receive the tax bill. If you sell your unit, it is your responsibility to forward the bill to the new owner. Insurance Guests must carry sufficient property and liability insurance. Guests agree to indemnify and hold the Campground and Management harmless from: ▪ Fires ▪ Storm damage ▪ Vandalism ▪ Injury ▪ Property damage claims to arise out of the occupant’s use of the Campground, including use by their household members, guests, or invitees. Management shall not be responsible for inspecting or guarding the guest’s unit while it remains unoccupied during the winter months or at any other time. Guests shall carry sufficient amounts of insurance to protect their personal property from damages caused by other individuals or Acts of God. Utilities Electricity Each seasonal site is metered for electricity. Electric meters will be read on the first of each month. Payment of electricity is due upon receipt. Any electric bills not paid in full by the 15th of the following month will incur a $25.00 late fee. Late fees will apply each month until paid. Late fees will not be waived for non-payment. Using electricity on open sites to charge a golf cart or a vehicle is prohibited. Electric Bills Invoices will be sent by email or mail. Please choose your preferred method on page 16. Meters are read on the first day of every month from June through November. You should receive your bill within the first week of the month. If you have not received your bill by the middle of the month, it is your responsibility to let us know. Electric bills should be paid monthly during the season. Ways you can pay your electric bill: ▪ With a credit/debit card through the email received. ▪ With a check written out to RBD, Inc. ▪ Call the office and pay with a credit card. All Guest Service Agents can accept payments. ▪ Cash Electrical Service Guests should know how to operate electrical shutoff devices on both the inside and outside of the unit. Guests are prohibited from attaching any objects in any manner to electric utility poles. Wiring from the meter box to the unit and inside the unit is the guest’s responsibility, and such wiring is t...
Property Taxes and Insurance. Property Taxes The Campground is required to keep current a register of guests and to report the names and addresses of guests to the City of Saco or Old Orchard Beach depending on where your unit is located in the Campground. You will receive a statement from the municipality for your personal property tax bill. The owner listed on April 1st will receive the tax bill. If you sell your unit, it is your responsibility to forward the bill to the new owner.
Property Taxes and Insurance. Dealer shall pay property, sales and personal property taxes levied on the Acquired Homes and pay for and secure insurance coverage adequate to protect Dealer’s interest in the Acquired Homes until they are sold.
Property Taxes and Insurance. The costs of property taxes and insurance often rise dramatically after the first year for first-time home buyers, particularly for those in the low- income category. Recommendation: Further study required. • Community Land Trust: According to the website of the National Community Land Trust Network, a community land trust (CLT) is a private non-profit community organization that safeguards land in order to provide affordable housing opportunities. CLTs buy and hold land permanently, preventing market factors from causing prices to rise. CLTs build and sell affordably-priced homes to families with limited incomes. CLTs keep the price of homes affordable by separating the price of the house from the cost of the land. When a family decides to sell a CLT home, the home is resold at an affordable price to another homebuyer with a limited income. The goal of CLTs is to balance the needs of homeowners to build equity and gain stability in their lives, with the needs of the community to preserve affordable home ownership opportunities for future generations. Recommendation: Further study required. Explore establishment of a community land trust for affordable housing. • Mobile Homes: An advantage of mobile homes is that they are generally, much more affordable than site built homes. That advantage must be weighed against certain disadvantages such as they contribute less to the local construction economy, and they are more likely to be seriously damaged by hurricanes and tropical storms than site built homes. Recommendation: Further study required. Consider public incentives to increase the availability of mobile home slots, and mobile home communities, in the area (particularly in light of recent closings of mobile home parks).
Property Taxes and Insurance. The undersigned understands that (a) property taxes on the subject property are to be paid in full on closing of the requested loan. It is Borrower's sole responsibility to pay when due and before any portion may become delinquent all property taxes affecting the subject property; failure to do so will constitute a default under the proposed loan; and (b) it is also Borrower's responsibility to provide evidence that any insurable improvements on the subject property are to be insured to their full value; failure to provide proof of insurance coverage, where applicable, will constitute a default under the proposed loan.
Property Taxes and Insurance. Landlord shall pay and Tenant shall reimburse Landlord for the actual cost of all Real Property Taxes, as defined below, and all property, casualty and liability insurance premiums required to be paid for the Premises and Project Common Areas as described in Article 6.
Property Taxes and Insurance. In addition to Base Rent, Tenant shall pay their pro-rata share of all real property taxes and assessments levied, assessed or imposed during the Term upon the Property (”Taxes”) and their pro-rata share of the cost of insurance provided by Landlord pursuant to Section 5.1 (“Insurance”). Tenant shall pay to Landlord an amount each month, which is equal to one-twelfth of the estimated annual Taxes and Insurance together with Tenant’s payments of Operating Expenses, as provided in Section 4.3) below. If, during the Term, the voters of the state in which the Premises are located or the state legislature enacts a real property tax limitation, then any substitute taxes, in any name or form, which may be adopted to replace or supplement real property taxes shall be added to Taxes for purposes of this Section 4.2. Should there be in effect during the Term any law, statute, or ordinance which levies, assesses, or imposes any tax (other than federal or state income tax) upon rents, Tenant shall pay such taxes as may be attributable to the Rents under this Lease or shall reimburse Landlord for any such taxes paid by Landlord within ten days after landlord bills Tenant for the same.
