Common use of Types of Closing Costs Clause in Contracts

Types of Closing Costs. In addition to the charges identified in Section 4 of the Agreement at such time as the purchase of the Unit is closed, Purchaser may be required to pay certain Closing Costs. Listed below are the major types of Closing Costs likely to be incurred in connection with the transaction. If Purchaser obtains mortgage loan financing, the lender will provide Purchaser with Closing Cost estimates related to the financing. 2.1 Closing Costs that Purchaser may have to pay whether or not mortgage financing is obtained: 2.1.1 Courier fees; 2.1.2 Prorated quarterly Assessment, which will depend upon the model purchased (for residential units, between $ and $ per quarter during fiscal year 2015, including Club Membership Fees, and subject to change in future years);