Common use of Prorations; Closing Costs Clause in Contracts

Prorations; Closing Costs. Seller, as an agency of the State of Idaho, is statutorily exempt from paying taxes and assessments (except irrigation district assessments pursuant to statute) on the Property. The State cannot be taxed by any County, City or other local governmental or other quasi-governmental entities, such as a water or sewer district related to a prior lessee or owner’s use. The County or other governmental or quasi-governmental entities may show past due taxes and/or assessments relating to a prior lessee or owner’s use of the Property, and are typically the obligation of the prior owner or lessee. Such taxes and assessments and utilities, and the entities capable of assessing such taxes and assessments are generally identified in the title commitment. If there are past due taxes and/or assessments, or unpaid utilities incurred by a prior owner or lessee of the Property, then the Property is and shall be sold subject to such taxes, assessments and utilities. Buyer shall pay the Closing Agent’s closing and escrow fees. Buyer shall also pay all other closing costs, including, but not limited to: 1) any and all commissions and fees of any agent or representative of Buyer, including, but not limited to, any broker, real estate agent or attorney representing Buyer; 2) recording fees for the cost of recording the State Deed; 3) the cost for title insurance or title insurance cancelation fees, at Buyer’s option; 4) lender fees, if any, together with any associated recording fees, if any; and, 5) any other cost, fee or expense which may reasonably be required in order for the transaction to close. All parties shall be responsible to pay their own attorney fees, if applicable.

Prorations; Closing Costs. Seller, as an agency of the State of Idaho, is statutorily exempt from paying taxes and assessments (except irrigation district assessments pursuant to statute) on the Property. The State cannot be taxed by any County, City or other local governmental or other quasi-governmental entities, such as a water or sewer district related to a prior lessee or owner’s use. The County or other governmental or quasi-governmental entities may show past due taxes and/or assessments relating to a prior lessee or owner’s use of the Property, and are typically the obligation of the prior owner or lessee. Such taxes and assessments and utilities, and the entities capable of assessing such taxes and assessments are generally identified in the title commitment. If there are past due taxes and/or assessments, or unpaid utilities incurred by a prior owner or lessee of the Property, then the Property is and shall be sold subject to such taxes, assessments and utilities. Buyer shall pay the Closing Agent’s closing and escrow fees. Buyer shall also pay all other closing costs, including, but not limited to: 1) any and all commissions and fees of any agent or representative of Buyer, including, but not limited to, any broker, real estate agent or attorney representing Buyer; 2) recording fees for the cost of recording the State Deed; 32) the cost for title insurance or title insurance cancelation fees, at Buyer’s option; 43) lender fees, if any, together with any associated recording fees, if any; and, 5) any other cost, fee or expense which may reasonably be required in order for the transaction to close. All parties shall be responsible to pay their own attorney fees, if applicable.,

Prorations; Closing Costs. Seller, as an agency of the State of Idaho, is statutorily exempt from paying taxes and assessments (except irrigation district assessments pursuant to statute) on the Property. The State cannot be taxed by any County, City or other local governmental or other quasi-governmental entities, such as a water or sewer district related to a prior lessee or owner’s use. The County or other governmental or quasi-governmental entities may show past due taxes and/or assessments relating to a prior lessee or owner’s use of the Property, and are typically the obligation of the prior owner or lessee. Such taxes and assessments and utilities, and the entities capable of assessing such taxes and assessments are generally identified in the title commitment. If there are past due taxes and/or assessments, or unpaid utilities incurred by a prior owner or lessee of the Property, then the Property is and shall be sold subject to such taxes, assessments and utilities. Buyer shall pay the Closing Agent’s closing and escrow fees. Buyer shall also pay all other closing costs, including, but not limited to: 1) any and all commissions and fees of any agent or representative of Buyer, including, but not limited to, any broker, real estate agent or attorney representing Buyer; 2) recording fees for the cost of recording the State Deed; 3) the cost for title insurance or title insurance cancelation fees, at Buyer’s option; 4) lender fees, if any, together with any associated recording fees, if any; and, 5) any other cost, fee or expense which may reasonably be required in order for the transaction to close. All parties shall be responsible to pay their own attorney fees, if applicable.;

Prorations; Closing Costs. Seller, as an agency of the State of Idaho, is statutorily exempt precluded from paying taxes and assessments (except irrigation district assessments pursuant to statute) on the PropertyEndowment Land. The State cannot be taxed by any County, City or other local governmental or other quasi-governmental entities, such as a water or sewer district related to a prior lessee or ownerlessee’s use. The County or other governmental or quasi-governmental entities may show past due taxes and/or assessments relating to a prior lessee or ownerlessee’s use of the Property, Endowment Land and are typically the personal obligation of the prior owner or lessee. Such taxes Taxes and assessments and utilitiesutilities for the current year, and if any, shall be prorated between the entities capable of assessing such taxes and assessments are generally identified in the title commitment. If there are past due taxes and/or assessments, or unpaid utilities incurred by a prior owner or lessee of record or owner of the Property, then Personal Property and Buyer as of the Property is and shall be sold subject to such taxes, assessments and utilitiesdate of Closing. Buyer agrees to work with the prior lessee of record or the owner of the Personal Property outside of Closing if utilities cannot be reasonably ascertained at Closing or thereafter if adjustments need to be made between Buyer and such prior lessee or owner of the Personal Property. Seller shall pay the one-half (1/2) of Closing Agent’s closing and escrow fees. Buyer shall also pay one-half (1/2) of Closing Agent’s closing and escrow fees. In addition, Buyer shall pay all other closing costscosts and related auction expenses, including, but not limited to: 1) any and all commissions and fees of any agent or representative of Buyer, including, but not limited to, any broker, real estate agent or attorney representing Buyer; 2) recording fees for the cost of recording the State Deed; 32) the cost for title insurance or title insurance cancelation feesinsurance, at Buyer’s option; 43) lender fees, if any, together with any associated recording fees, if any; and, 5and 4) any other cost, fee or expense which may reasonably be required in order for the transaction to close. All parties shall be responsible to pay their own attorney fees, if applicable. Seller shall prorate the lease payment with the prior lessee of record as of the date of Closing outside of the Closing with the Closing Agent.