Real Estate Transfer Assessment Sample Clauses

Real Estate Transfer Assessment. The Master Association (as defined in Paragraph 12) will levy a real estate transfer assessment on the sale of the Lot to Purchaser in the amount of two percent (2%) of the Purchase Price. Such real estate transfer assessment shall be paid at the Closing by Seller.
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Real Estate Transfer Assessment. 4.1 Subject to Section 12 below and the terms and conditions set forth in this Section 4.1, there is hereby imposed upon the entire Property, a real estate transfer assessment (the “Real Estate Transfer Assessment”) of one percent (1%) of the Purchase Price (defined below) on the sale of homes and residential units.
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Real Estate Transfer Assessment. 4.1 The Developer shall impose upon the entirety of the Property a private covenant imposing a real estate transfer assessment of one percent (1%) on the gross sales price on the sale of any home and/or residential unit (the “Real Estate Transfer Assessment”), substantially in the form attached hereto as Exhibit F. Transfers of portions of the Property, including individual homes, residential units and/or lots, as between WSN, WSN affiliated entities, the Yampa Valley Housing Authority and/or the Steamboat Springs School District shall be exempt from the Real Estate Transfer Assessment. In the event the Real Estate Transfer Assessment is determined to be invalid, then in such event WSN shall provide an alternate mechanism (“XXXX Alternate”) to recover normal and customary costs incurred by the City to provide the Property City services typically provided within City limits, including but not limited to police, fire, road maintenance and other City services typically provided within the City limits (the “City Services”), the XXXX Alternate being subject to City approval which approval shall not be unreasonable withheld.
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Real Estate Transfer Assessment. Within 30 days of the Effective Date, Developer shall record a covenant against the Property requiring payment of a real estate transfer assessment in the amount of 2% of the consideration paid for each non-exempt transfer of any real property in the Development (the "XXXX"), up to a maximum of $250,000 per transfer. The covenant shall be in substantially the form attached hereto as Exhibit E and incorporated herein by this reference. The funds collected from the XXXX shall be transmitted to the Town, to be deposited in the general fund and used for public purposes as the Town determines necessary.
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Real Estate Transfer Assessment. Upon completion of construction and prior to the sale of any of the condominium units in the Development , JGJP shall record the Real Estate Transfer Assessment Covenant against the Property, in the form attached hereto as Exhibit F.
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Real Estate Transfer Assessment. Upon the Transfer of any Lot or interest in a Lot (with the exception of the initial sale of each Lot by Declarant), the Grantee shall pay to the Town a real estate transfer assessment equal to 1.0% of the Consideration paid or given for each such Transfer (the "XXXX"). The XXXX shall be due and payable by the Grantee at the time of the closing of such Transfer. The payment of the RETA or any requested exemption from the XXXX pursuant to the terms of this Restrictive Covenant shall be submitted to the Town using forms provided by the Town. The Town, in its discretion, shall have the right to engage a third party to administer XXXX collections on behalf of the Town and may pay a portion of the XXXX revenues to such third party in consideration for such service.
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Related to Real Estate Transfer Assessment

  • Real estate transactions You must sign the certification. You may cross out item 2 of the certification.

  • ENCROACHMENT/ACQUISITION The Assignee/Bank has no notice or knowledge of any encroachment or that the Government or any other authority has any immediate intention of acquiring the whole or any part of the Property for roads or any other improvement schemes and if such encroachment shall be found to exist or if the Government or any local authority has any such intention, the same shall not annul the sale or shall any abatement or compensation be allowed in respect thereof.

  • Real Estate Taxes For each Tax Year falling within the Term, Tenant shall pay to Landlord, as Additional Rent, the Landlord's Tax Expenses Allocable to the Premises for such corresponding Tax Year, and for each fraction of a Tax Year falling within the Term at the beginning or end thereof, Tenant shall pay to Landlord, as Additional Rent, the product of (i) such Applicable fraction of a Tax Year and (ii) the Landlord's Tax Expenses Allocable to the Premises for the Tax Year in which said fraction occurs. Not later than ninety (90) days after Landlord's Tax Expenses Allocable to the Premises are determined for the first such Tax Year or fraction thereof and for each succeeding Tax Year or fraction thereof during the Term, Landlord shall render Tenant a statement in reasonable detail certified by a representative of Landlord showing for the preceding year or fraction thereof, as the case may be, real estate taxes on the Buildings and the Site and abatements and refunds of any taxes and assessments. Expenditures for legal fees and for other expenses incurred in seeking the tax refund or abatement may be charged against the tax refund or abatement before the adjustments are made for the Tax Year. Said statement to be rendered to Tenant shall also show for the preceding Tax Year or fraction thereof as the case may be the amounts of real estate taxes already paid by Tenant as Additional Rent, and the amount of real estate taxes remaining due from, or overpaid by, Tenant for the year or other period covered by the statement. Within thirty (30) days after the date of delivery of the foregoing statement, Tenant shall pay to Landlord the balance of the amounts, if any, required to be paid pursuant to the above provisions of this Section 2.7 with respect to the preceding Tax Year or fraction thereof, or Landlord shall credit any amounts due from it to Tenant pursuant to the provisions of this Section 2.7 against (x) monthly installments of fixed rent next thereafter coming due or (y) any sums then due from Tenant to Landlord under this Lease (or refund such portion of the over-payment as aforesaid if the Term has ended and Tenant has no further obligation to Landlord). In the event Landlord succeeds in obtaining a reduction of such real estate taxes, rates or assessments with respect to a real estate tax fiscal year as to which Tenant contributed Tenant's share of Landlord's Tax Expenses, then, Tenant shall be entitled to receive its proportionate share of the net amount of any refund received or reduction obtained by Landlord to the extent allocable to the Term of this Lease. Tenant's entitlement to such refund amount shall survive the expiration of the Term. Landlord will, upon the written request of Tenant, who together with other tenants lease at least fifty (50%) of the Total Rentable Floor Area of the Complex, at Landlord's election either (i) apply for an abatement of real estate taxes or (ii) allow such tenants to apply for abatements in their own name, or in Landlord's name, at their own cost (subject to such tenants' right to recover such costs on a first dollar basis from the abatement proceeds, if any). If such tenants apply for an abatement of real estate taxes, then Landlord shall have the right to be involved in each step of the abatement process, including, without limitation, Landlord's right to approve all filings in connection with such abatement proceedings (such approval not to be unreasonably withheld) and the right to attend all meetings between Tenant and its representatives and the representatives of the Town of Bedford. In addition, payments by Tenant on account of Landlord's Tax Expenses Allocable to the Premises anticipated for the then current year shall be made monthly at the time and in the fashion herein provided for the payment of fixed rent. The amount so to be paid to Landlord shall be an amount reasonably estimated by Landlord to be sufficient to provide Landlord, in the aggregate, a sum equal to Landlord's Tax Expenses Allocable to the Premises, at least ten (10) days before the day on which such payments by Landlord would become delinquent. To the extent that real estate taxes shall be payable to the taxing authority in installments with respect to periods less than a Tax Year, the foregoing statement shall be rendered and payments made on account of such installments. Terms used herein are defined as follows:

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