Common use of CLOSING AND SETTLEMENT Clause in Contracts

CLOSING AND SETTLEMENT. Seller/Landlord shall determine the title company at which settlement shall occur and shall inform Buyer/Tenant of this location in writing. Buyer/Tenant agrees that closing costs in their entirety, including any points, fees, and other charges required by the third-party lender, shall be the sole responsibility of Buyer/Tenant. The only expense related to closing costs apportioned to Seller/Landlord shall be the pro-rated share of the ad valorem taxes due at the time of closing, for which Seller/Landlord is solely responsible.

Appears in 109 contracts

Samples: Minnesota Lease to Own Agreement, Colorado Lease to Purchase Option Agreement, North Carolina Residential Lease

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CLOSING AND SETTLEMENT. Seller/Landlord shall determine the title company at which settlement shall occur and shall inform Buyer/Tenant of this location in writing. Buyer/Tenant Xxxxxx agrees that closing costs in their entirety, including any points, fees, and other charges required by the third-party lender, shall be the sole responsibility of Buyer/Tenant. The only expense related to closing costs apportioned to Seller/Landlord shall be the pro-rated share of the ad valorem taxes due at the time of closing, for which Seller/Landlord is solely responsible.

Appears in 25 contracts

Samples: Louisiana Lease to Purchase Option Agreement, Lease to Purchase Option Agreement, Carolina Residential Lease Agreement

CLOSING AND SETTLEMENT. SellerLandlord/Landlord Seller shall determine the title company at which settlement shall occur and shall inform BuyerTenant/Tenant Buyer of this location in writing. BuyerTenant/Tenant Xxxxx agrees that closing costs in their entirety, including any points, fees, and other charges required by the third-party lender, shall be the sole responsibility of Tenant/Buyer/Tenant. The only expense related to closing costs apportioned to SellerLandlord/Landlord Seller shall be the pro-rated share of the ad valorem taxes due at the time of closing, for which SellerLandlord/Landlord Seller is solely responsible.

Appears in 2 contracts

Samples: Own Agreement, Own Agreement

CLOSING AND SETTLEMENT. Seller/Landlord shall determine the title company at which settlement shall occur and shall inform Buyer/Tenant of this location in writing. Buyer/Tenant Xxxxxx agrees that closing costs in their entirety, including any points, fees, and other charges required by the third-party lender, shall be the sole responsibility of Buyer/Tenant. The only expense related to closing costs apportioned to Seller/Landlord shall be the pro-rated share of the ad valorem taxes due at the time of closing, for which Seller/Landlord is solely responsible.

Appears in 1 contract

Samples: Legal Lease Purchase Agreement

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CLOSING AND SETTLEMENT. SellerLandlord/Landlord Seller shall determine the title company at which settlement shall occur and shall inform BuyerTenant/Tenant Buyer of this location in writing. BuyerTenant/Tenant Buyer agrees that closing costs in their entirety, including any points, fees, and other charges required by the third-party lender, shall be the sole responsibility of Tenant/Buyer/Tenant. The only expense related to closing costs apportioned to SellerLandlord/Landlord Seller shall be the pro-rated share of the ad valorem taxes due at the time of closing, for which SellerLandlord/Landlord Seller is solely responsible.

Appears in 1 contract

Samples: Rent to Own Agreement

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