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Property Taxes and Insurance Sample Clauses

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.
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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. 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. Tenant agrees to pay, or cause to be paid before delinquency, in the manner provided in Article 4, any and all (i) insurance maintained by Landlord on the Premises under Article 12.2; (ii) taxes, assessments, license fees, and public charges levied, assessed, or imposed, or which may become payable during the term upon the Premises, the underlying realty, and upon any fixtures, furniture, appliances, and personal property installed or located on the Premises; (iii) transfer, transaction, sales, rental, gross receipts, license or similar taxes or charges measured by rent received by Landlord. Landlord shall, after receipt of any tax bill or other notice of tax due ox Xremises, furnish Tenant with a copy of such bill or notice. Tenant shall pay xxx of such taxes when due and, on demand, shall furnish to Landlord receipts evidencing such payment. Alternatively, at Landlord's option, Landlord may collect estimated monthly payments for insurance and taxes payable by Tenant hereunder, concurrently with and in the manner provided for Operating Expenses pursuant to Article 4. Taxes for first and last years shall be prorated between Landlord and Tenant.
Property Taxes and InsuranceLandlord 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. 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 InsuranceThe 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.
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Property Taxes and InsuranceIn 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.
Property Taxes and Insurance. No later than twenty (20) days prior to the date when due, evidence that all property taxes and insurance with respect to the Project have been timely paid in full.
Property Taxes and Insurance. (a) The Lessor hereby confirms to and for the benefit of the Lessee that currently there is no incidence of properly tax on the Demised Premises. All escalations in and fresh levies of property tax imposed by the appropriate authority as may be applicable to the Demised Premises shall be paid and borne by the Lessor. (b) The Lessor shall insure the Building and the Demised Premises with fit outs and Assets, which are provided therein by the Lessor, against all the normal perils. The Lessee shall be responsible to appropriately insure for all its own items, equipment and liabilities while using & occupying the Demised Premise.
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