Common use of CLOSING AND SETTLEMENT Clause in Contracts

CLOSING AND SETTLEMENT. Closing and settlement shall be at a title company designated by the Seller/Landlord. All closing costs and any points, fees and/or charges imposed by the Buyer/Xxxxxx’s lender shall be the sole responsibility of the Buyer/Lender. Seller/Landlord shall only be responsible for its pro-rated share of the ad valorem taxes due as of the date of closing. IT IS THE BUYER/TENANT’S SOLE RESPONSIBILITY TO ARRANGE FINANCING FOR THE TRANSACTIONS. SELLER/LANDLORD HAS MADE NO REPRESENTATIONS TO BUYER/TENANT REGARDING THE AVAILABILITY OF FINANCING OF BUYER/TENANT’S ABILITY TO QUALIFY FOR FINANCING.

Appears in 5 contracts

Samples: Lease to Purchase Option Agreement, Lease to Purchase Option Agreement, Lease to Purchase Option Agreement

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CLOSING AND SETTLEMENT. Closing and settlement shall be at a title company designated by the Seller/Landlord. All closing costs and any points, fees and/or charges imposed by the Buyer/XxxxxxTenant’s lender shall be the sole responsibility of the Buyer/Lender. Seller/Landlord shall only be responsible for its pro-rated share of the ad valorem taxes due as of the date of closing. IT IS THE BUYER/TENANT’S SOLE RESPONSIBILITY TO ARRANGE FINANCING FOR THE TRANSACTIONS. SELLER/LANDLORD HAS MADE NO REPRESENTATIONS TO BUYER/TENANT REGARDING THE AVAILABILITY OF FINANCING OF BUYER/TENANT’S ABILITY TO QUALIFY FOR FINANCING.

Appears in 5 contracts

Samples: Lease to Purchase Option Agreement, Lease to Purchase Option Agreement, Lease to Purchase Option Agreement

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