Common use of Special Taxes Disclosure Clause in Contracts

Special Taxes Disclosure. Buyer acknowledges that Seller may be required by California law to disclose if any special taxes, improvement bonds, assessments, Xxxxx-Xxxx Community Facilities Districts, or other such taxes or assessments (collectively, “Special Taxes”) affect the Property. Buyer acknowledges and agrees that Xxxxxx has employed Escrow Agent (or an affiliate thereof) or another third party selected by Seller (the "Special Tax Expert") to prepare or obtain appropriate disclosure reports, Notice of Special Tax documents, or other documentation (the “Special Tax Disclosures”) based upon information made available to the public by government agencies regarding Special Taxes affecting the Property. Xxxxx acknowledges and agrees that Xxxxxx has delivered the Special Tax Disclosures to Buyer in writing prior to the Effective Date of this Agreement, and that Xxxxx has signed and returned a copy of each “Notice of Special Tax” to Buyer. Xxxxx acknowledges and agrees that the Special Tax Disclosures previously delivered to Buyer as aforesaid fully and completely discharge Seller from any and all disclosure obligations relating to Special Taxes. Xxxxx further acknowledges and agrees that the matters set forth in the Special Tax Disclosures may change on or prior to Closing and that Seller has no obligation to update, modify, or supplement the Special Tax Disclosures. _________/s/ SR___________ Buyer's Initials

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Cim Real Estate Finance Trust, Inc.)

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Special Taxes Disclosure. Buyer acknowledges that Seller may be required by California law to disclose if any special taxes, improvement bonds, assessments, Xxxxx-Xxxx Community Facilities Districts, or other such taxes or assessments (collectively, “Special Taxes”) affect the Property. Buyer acknowledges and agrees that Xxxxxx Seller has employed Escrow Agent (or an affiliate thereof) or another third party selected by Seller (the "Special Tax Expert") to prepare or obtain appropriate disclosure reports, Notice of Special Tax documents, or other documentation (the “Special Tax Disclosures”) based upon information made available to the public by government agencies regarding Special Taxes affecting the Property. Xxxxx Buyer acknowledges and agrees that Xxxxxx Seller has delivered the Special Tax Disclosures to Buyer in writing prior to the Effective Date of this Agreement, and that Xxxxx Buyer has signed and returned a copy of each “Notice of Special Tax” to Buyer. Xxxxx Buyer acknowledges and agrees that the Special Tax Disclosures previously delivered to Buyer as aforesaid fully and completely discharge Seller from any and all disclosure obligations relating to Special Taxes. Xxxxx Buyer further acknowledges and agrees that the matters set forth in the Special Tax Disclosures may change on or prior to Closing and that Seller has no obligation to update, modify, or supplement the Special Tax Disclosures. /s/ MRP_________/s/ SR_______________ Buyer's Initials

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Cim Real Estate Finance Trust, Inc.)

Special Taxes Disclosure. Buyer acknowledges that Seller may be required by California law to disclose if any special taxesTaxes, improvement bonds, assessments, XxxxxMxxxx-Xxxx Community Facilities Districts, or other such taxes Taxes or assessments (collectively, “Special Taxes”) affect the Property. Buyer acknowledges and agrees that Xxxxxx Seller has employed Escrow Agent (or an affiliate thereof) or another third party selected by Seller (the "Special Tax Expert") to prepare or obtain appropriate disclosure reports, Notice of Special Tax documents, or other documentation (the “Special Tax Disclosures”) based upon information made available to the public by government agencies regarding Special Taxes affecting the Property. Xxxxx Buyer acknowledges and agrees that Xxxxxx Seller has delivered the Special Tax Disclosures to Buyer in writing prior to the Effective Date of this Agreement, and that Xxxxx Buyer has signed and returned a copy of each “Notice of Special Tax” to Buyer. Xxxxx Buyer acknowledges and agrees that the Special Tax Disclosures previously delivered to Buyer as aforesaid fully and completely discharge Seller from any and all disclosure obligations relating to Special Taxes. Xxxxx Buyer further acknowledges and agrees that the matters set forth in the Special Tax Disclosures may change on or prior to Closing and that Seller has no obligation to update, modify, or supplement the Special Tax Disclosures. _________Agreement of Purchase and SaleCMFT Portfolio 68 /s/ SR___________ MA Buyer's Initials

Appears in 1 contract

Samples: Agreement of Purchase and Sale (American Finance Trust, Inc)

Special Taxes Disclosure. Buyer acknowledges that Seller may be required by California law to disclose if any special taxesTaxes, improvement bonds, assessments, Xxxxx-Xxxx Community Facilities Districts, or other such taxes Taxes or assessments (collectively, “Special Taxes”) affect the Property. Buyer acknowledges and agrees that Xxxxxx has employed Seller shall employ Escrow Agent (or an affiliate thereof) or another third party selected by Seller (the "Special Tax Expert") to prepare or obtain appropriate disclosure reports, Notice of Special Tax documents, or other documentation (the “Special Tax Disclosures”) based upon information made available to the public by government agencies regarding Special Taxes affecting the Property. Xxxxx Bxxxx acknowledges and agrees that Xxxxxx Sxxxxx has delivered the Special Tax Disclosures to Buyer in writing prior to the Effective Date of this Agreement, and that Xxxxx Bxxxx has signed and returned a copy of each “Notice of Special Tax” to BuyerSeller. Xxxxx Bxxxx acknowledges and agrees that the Special Tax Disclosures previously delivered to Buyer as aforesaid fully and completely discharge Seller from any and all disclosure obligations relating to Special Taxes. Xxxxx Bxxxx further acknowledges and agrees that the matters set forth in the Special Tax Disclosures may change on or prior to the Closing and that Seller has no obligation to update, modify, or supplement the Special Tax Disclosures. _______DES__/s/ SR_____________ Buyer's ’s Initials

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Generation Income Properties, Inc.)

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Special Taxes Disclosure. Buyer acknowledges that Seller may be required by California law to disclose if any special taxesTaxes, improvement bonds, assessments, Xxxxx-Xxxx Community Facilities Districts, or other such taxes Taxes or assessments (collectively, “Special Taxes”) affect the Property. Buyer acknowledges and agrees that Xxxxxx Seller has employed Escrow Agent (or an affiliate thereof) or another third party selected by Seller (the "Special Tax Expert") to prepare or obtain appropriate disclosure reports, Notice of Special Tax documents, or other documentation (the “Special Tax Disclosures”) based upon information made available to the public by government agencies regarding Special Taxes affecting the Property. Xxxxx Buyer acknowledges and agrees that Xxxxxx Seller has delivered the Special Tax Disclosures to Buyer in writing prior to the Effective Date of this Agreement, and that Xxxxx Buyer has signed and returned a copy of each “Notice of Special Tax” to Buyer. Xxxxx Buyer acknowledges and agrees that the Special Tax Disclosures previously delivered to Buyer as aforesaid fully and completely discharge Seller from any and all disclosure obligations relating to Special Taxes. Xxxxx Buyer further acknowledges and agrees that the matters set forth in the Special Tax Disclosures may change on or prior to Closing and that Seller has no obligation to update, modify, or supplement the Special Tax Disclosures. _________/s/ SR___________ MA Buyer's Initials

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Cim Real Estate Finance Trust, Inc.)

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