PRORATIONS AND ALLOCATIONS. (a) Rents, taxes, service con- tracts, equipment leases or other personal property financing, utility deposits, insurance and other expenses whether or not a lien, assessed or to be assessed for the tax year in which the transaction is consummated. will be prorated as to the Property to the date of the Closing based on a 365-day year.
Appears in 9 contracts
Samples: Real Estate Purchase Agreement Willow Creek Apartments (Realmark Property Investors LTD Partnership-Iv), Real Estate Purchase Agreement Lakeview Village Apartments (Realmark Property Investors LTD Partnership-Iv), Real Estate Purchase Agreement (Realmark Property Investors LTD Partnership-Iv)
PRORATIONS AND ALLOCATIONS. (a) Rents, taxes, service con- tractscont- racts, equipment leases or other personal property financing, utility deposits, insurance and other expenses whether or not a lien, assessed or to be assessed for the tax year in which the transaction is consummated. will be prorated as to the Property to the date of the Closing based on a 365-day year.
Appears in 1 contract
Samples: Real Estate Purchase Agreement Evergreen Apartments (Realmark Property Investors LTD Partnership-Iv)
