PRORATIONS AND ALLOCATIONS. (a) Collected rents, real estate taxes, laundry income, service contracts, 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 as of the date of the Closing.
Appears in 3 contracts
Samples: Purchase Agreement (Realmark Property Investors Limited Partnership Vi-A), Real Estate Purchase Agreement Stonegate Apartments (Realmark Property Investors Limited Partnership Vi-A), Real Estate Purchase Agreement (Realmark Property Investors LTD Partnership Iii)
PRORATIONS AND ALLOCATIONS. (a) Collected rents, real estate taxes, laundry income, service contracts, 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 as of the date of the Closing. Seller and Buyer agree to enter into a post closing adjustment agreement relative to all adjustments and uncollected rent.
Appears in 2 contracts
Samples: Purchase Agreement (Realmark Property Investors Limited Partnership Vi-A), Real Estate Purchase Agreement (Realmark Property Investors Limited Partnership Vi-A)
PRORATIONS AND ALLOCATIONS. (a) Collected rents, real estate taxes, laundry income, service contracts, 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 as of the date of the Closing. Real Estate taxes will be prorated based on the taxes payable during the calendar year of closing, whether paid or unpaid.
Appears in 1 contract
Samples: Real Estate Purchase Agreement (Realmark Property Investors Limited Partnership Vi-A)
PRORATIONS AND ALLOCATIONS. (a) Collected rents, real estate and personal property taxes, laundry income, service contracts, equipment leases or other personal property financing, utility deposits, insurance and other operating 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 as of the date of the Closing.
Appears in 1 contract
Samples: Purchase Agreement (Realmark Property Investors Limited Partnership Vi-A)
