Common use of Rent Ready Units Clause in Contracts

Rent Ready Units. Seller agrees that, at Closing, Purchaser shall receive a credit against the Purchase Price for the Property in an amount equal to the product of (a) the number of Tenant Units on the date which is 7 days prior to the Closing Date which are vacant and not in Rent-Ready Condition, and (b) $400.00.

Appears in 2 contracts

Samples: Purchase and Sale Contract, Purchase and Sale Contract (Oxford Residential Properties I LTD Partnership)

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Rent Ready Units. Seller agrees that, at the Closing, Purchaser shall receive a credit against the Purchase Price for the Property in an amount equal to the product of (a) the number of Tenant Units on the date which is 7 of the Closing that are vacant (and have been vacant for more than 4 days prior to the Closing Date which are vacant Closing) and not in Rent-Ready Condition, and (b) $400.00500.00.

Appears in 1 contract

Samples: Purchase and Sale Contract (Century Properties Fund Xiv)

Rent Ready Units. Seller agrees that, that at the Closing, Purchaser shall receive a credit against the Purchase Price for the Property in an amount equal to the product of (a) the number of $750.00 per Tenant Units unit that is not in Rent-Ready Condition on the date Closing Date and which is was vacated by the prior Tenant at least 7 days prior to the Closing Date which are vacant and not in Rent-Ready Condition, and (b) $400.00Closing.

Appears in 1 contract

Samples: Purchase and Sale Contract (National Property Investors 6)

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Rent Ready Units. Seller agrees that, at the Closing, Purchaser shall receive a credit against the Purchase Price for the Property in an amount equal to the product of (a) the number of Tenant Units on the date which is 7 of the Closing that are vacant (and have been vacant for more than 4 days prior to the Closing Date which are vacant Closing) and not in Rent-Ready Condition, and (b) $400.00700.00.

Appears in 1 contract

Samples: Purchase and Sale Contract (Consolidated Capital Institutional Properties)

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