CLOSING COSTS AND ADJUSTMENTS. All adjustments are made as of settlement date.
CLOSING COSTS AND ADJUSTMENTS. All adjustments are made as of contract ratification date.
CLOSING COSTS AND ADJUSTMENTS. (a) The Buyer and the Seller agree to prorate the following expenses as of closing and funding: municipal water and sewer charges, utility charges, real estate taxes and assessments, common area charges, condominium or planned unit development or similar community assessments, co-operative fees, maintenance fees, and rents, if any. In determining prorations, the Closing Date shall be allocated to the Buyer. Payment of special assessment district bonds and assessments, and payment of homeowner’s association or special assessments shall be paid current and prorated between the Buyer and the Seller as of the Closing Date with payments not yet due and owing to be assumed by the Buyer without credit toward the purchase price. The Property taxes shall be prorated based on an estimate or actual taxes from the previous year on the Property. All prorations shall be based upon a 30-day month and all such prorations shall be final. The Seller shall not be responsible for any amounts due, paid, or to be paid after closing, including, but not limited to, any taxes, penalties or interest assessed or due as a result of retroactive, postponed or additional taxes resulting from any change in use of, or construction on, or improvement to the Property, or an adjustment in the appraised or assessed value of the Property. If the Property is heated by, or has storage tanks for fuel oil, liquefied petroleum gases, or similar fuels, the Buyer will buy the fuel in the tank at closing at the current price as calculated by the supplier. In the event the Seller has paid any taxes, special assessments, or other fees and there is a refund of any such taxes, assessments, or fees after closing, Buyer, as the then current owner of the Property, or the closing agent, in the event of a holdback for payment of such items, shall immediately remit the refund to the Seller.
(b) Seller shall only pay those closing costs and fees associated with the transfer of the Property that local custom or practice clearly allocates to Seller and any closing costs and fees specifically agreed to in Section 6, and Buyer shall pay all remaining fees and costs. Notwithstanding the foregoing, FHA/VA allocation of closing costs shall apply when applicable.
(c) The Seller shall pay the real estate commission per the listing agreement between the Seller and the Seller’s listing broker. Unless disclosed to Seller, Buyer represents that Buyer is not a real estate licensee, and that the real estate licensee representi...
CLOSING COSTS AND ADJUSTMENTS. At Closing, the following items shall be borne, adjusted, prorated or assumed by or between Seller and Purchaser as follows:
CLOSING COSTS AND ADJUSTMENTS. At Closing, the Parties, at their sole cost and expense, shall deliver to the Title Company the sums provided as follows, in immediately available funds:
CLOSING COSTS AND ADJUSTMENTS. EXCEPT AS PROVIDED BELOW ALL CLOSING COSTS ARE THE RESPONSIBILITY OF THE PURCHASER, INCLUDING COSTS CUSTOMARILY PAID BY THE SELLER UNLESS OTHERWISE AGREED UPON BY THE SELLER.
CLOSING COSTS AND ADJUSTMENTS. Seller shall pay the cost of any documentary stamp taxes, transfer taxes or similar taxes applicable to the sale of the Property. Buyer shall pay the premium for the Title Policy, including premiums for any extended coverage policy of title insurance, inspection and survey costs, and the cost of any endorsements to the Title Policy. Recording fees and all other costs and charges of the escrow for the sale shall be paid in the manner customary for the county in which the Property is located or, if there is no custom, shall be split equally between Buyer and Seller.
CLOSING COSTS AND ADJUSTMENTS. Purchaser and Seller agree to prorate the following expenses as of Closing: municipal water and sewer charges, utility charges, real estate taxes and assessments, common area charges, condominium or planned unit development or similar community assessments, cooperative fees, maintenance fees, and rents, if any. Payment of special assessment district bonds and assessments, and payments of homeowner’s association of special assessments shall be paid current and prorated between Purchaser and Seller as of the Closing date with payments not yet due and owing to be assumed by Purchaser without credit toward the Purchase Price. Seller shall not be responsible for any amounts due, paid or to be paid after Closing. In the event Seller has paid any taxes, special assessments or other fees and there is a refund of any such taxes, assessments or fees after the Closing, and Purchaser as current owner of the Property receives the payment, Purchaser will immediately submit any refund to Seller. For purposes of any seller concession, the term “closing costs” shall not include any amounts escrowed for taxes or insurance by a lender. If the Property is heated or has storage tanks for fuel oil, liquefied petroleum gases or similar fuels, Purchaser will buy the fuel in the tank at Closing at the current price as calculated by the supplier. Recording fees, escrow fees and other customary closing costs with the exception of transfer taxes, shall be paid by either Seller and/or Purchaser in the manner customary for residential real estate transactions in the metropolitan area or city in which the Property is located. All other costs and expenses, including any cost, expense or transfer tax imposed by any state or local entity not otherwise addressed herein, shall be paid by Purchaser
CLOSING COSTS AND ADJUSTMENTS. Seller shall pay the cost of any documentary stamp taxes, transfer taxes or similar taxes applicable to the sale of the Property. Seller shall pay the premium for Standard Title Policy the portion of the Title Policy attributable to ALTA extended, and Buyer shall pay the cost of any endorsements, if any, to the Title Policy requested by Xxxxx. Recording fees and all other costs and charges of the escrow for the sale shall be paid by the Seller.
CLOSING COSTS AND ADJUSTMENTS. (a) Buyer shall pay the costs of the Survey, title examination, title insurance, the investigations conducted by Buyer, the fees of Buyer’s attorney and the costs for recording the Deed(s), the Option Agreement, and the Parking Easement Agreement (and other instruments to be recorded under the terms of this Agreement).
(b) Seller shall pay the cost of preparation of the Deed(s) and other Closing Documents to be delivered by Seller, an amount sufficient to pay in full and satisfy any liens and encumbrances affecting the Property to the extent required pursuant to the terms of Section 3(f) or which arise by or through Seller after expiration of the Due Diligence Period, transfer / excise tax stamps, delinquent taxes and public or private assessments (if any), rollback taxes (if any) and the fees of its own attorney.
(c) Ad valorem real property taxes, public assessments, and any assessments under any applicable restrictive covenants for the current year (if any) shall be prorated at Closing between Seller and Buyer. Buyer and Seller shall share equally the cost of any escrow/closing fees charged by the Escrow Agent at Closing. Except as otherwise provided herein, each party shall bear its own costs and expenses, including its own attorneys’ fees.
