Common use of Purchase of Residence Clause in Contracts

Purchase of Residence. The criteria for reimbursement of relocation costs associated with the purchase of a home at the new place of employment is the same as that set out for the sale of a residence. When those conditions are met, the following expenses will be reimbursed: • legal expenses incurred in the purchase that were necessary to obtain clear marketable title to the property, up to the tariff set by the local county or district law association, i.e., a sheriff’s fee, a land transfer tax, • costs of transferring a deed or the cost of a survey if it was required to confirm the description of the property to be purchased; • expenses incurred to acquire a first mortgage, such as appraisal cost and • set-up fees related to the Employee’s principal residence.

Purchase of Residence. The criteria for reimbursement of relocation costs associated with the purchase of a home at the new place of employment is the same as that set out for the sale of a residence. When those conditions are met, the following expenses will be reimbursed: • legal Legal expenses incurred in the purchase that were necessary to obtain clear marketable title to the property, up to the tariff set by the local county or district law association, i.e., a sheriff’s 's fee, a land transfer tax, • costs of transferring a deed or the cost of a survey if it was required to confirm the description of the property to be purchased; • expenses Expenses incurred to acquire a first mortgage, such as appraisal cost and • set-up fees related to the Employee’s employee's principal residence.

Purchase of Residence. ‌ The criteria for reimbursement of relocation costs associated with the purchase of a home at the new place of employment is the same as that set out for the sale of a residence. When those conditions are met, the following expenses will be reimbursed: • legal Legal expenses incurred in the purchase that were necessary to obtain clear marketable title to the property, up to the tariff set by the local county or district law association, i.e., a sheriff’s 's fee, a land transfer tax, • costs of transferring a deed or the cost of a survey if it was required to confirm the description of the property to be purchased; • expenses Expenses incurred to acquire a first mortgage, such as appraisal cost and • set-up fees related to the Employee’s employee's principal residence.