Common use of Real Estate Taxes and Special Assessments Clause in Contracts

Real Estate Taxes and Special Assessments. Seller will pay, on or before the Closing Date, all special assessments levied, pending, or deferred as of the Closing Date. General real estate taxes payable in the year in which Closing occurs shall be prorated on a daily basis, as of the Closing Date. If taxes for the current year are unavailable, the parties shall use the prior year’s taxes or if it is available, a Proposed Tax Statement for the property.

Appears in 9 contracts

Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement

AutoNDA by SimpleDocs

Real Estate Taxes and Special Assessments. A. Seller will shall pay, on at or before Closing all real estate taxes due and payable in all years prior to the year of Closing, if any. Real estate taxes due and payable in the year of Closing, if any, shall be pro-rated to Seller and Buyer based on the Closing Date. B. On or prior to the Closing Date, Seller shall pay all special assessments levied, pending, levied or deferred pending against the Property as of the Closing Date. General real estate taxes payable in the year in which Closing occurs The provisions of this Paragraph shall be prorated on a daily basis, as of the Closing Date. If taxes for the current year are unavailable, the parties shall use the prior year’s taxes or if it is available, a Proposed Tax Statement for the propertysurvive Closing.

Appears in 2 contracts

Samples: Purchase and Development Agreement, Purchase and Development Agreement

AutoNDA by SimpleDocs

Real Estate Taxes and Special Assessments. Real estate taxes for the Real Property payable in the year of the Closing will be prorated between Seller will pay, and Buyer based on or before the Closing Date, . Seller shall be responsible for the payment of all special assessments that have been levied, are pending, or deferred constitute a lien against the Property as of the Closing Date. General real estate taxes payable in the year in which Closing occurs shall be prorated on a daily basis, as of the Closing Date. If taxes for the current year are unavailable, the parties shall use the prior year’s taxes or if it is available, a Proposed Tax Statement for the property.

Appears in 2 contracts

Samples: Purchase Agreement, Purchase Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!