Common use of Real Property and Personal Clause in Contracts

Real Property and Personal. Property taxes assessed for the year of Closing shall be prorated as of the Closing Date based upon the latest data available (and re-prorated as provided above based on final bills). Seller shall be entitled to any refunds of property taxes applicable to any period prior to the Closing Date.

Appears in 6 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (KBS Legacy Partners Apartment REIT, Inc.)

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