Closing Costs and Prorations Clause Samples

Closing Costs and Prorations. Buyer shall pay all escrow costs and fees, all Title Company costs and fees, Title Insurance premiums, recording fees, transfer taxes and all closing costs and fees. Each party shall bear its own attorney’s fees incurred in connection with this transaction. Real property taxes, premiums on insurance acceptable to Buyer, and any other expenses of the Property shall be prorated as of the Closing Deadline. The amount of any bond or assessment which is a lien shall be assumed by Buyer.

Closing Costs and Prorations. At the Closing, closing costs shall be paid and prorations made as follows:

Closing Costs and Prorations. (A) Buyer will pay (1) one-half of any escrow fee charged by the Title Agent, (2) the cost of recording the Deed, (3) the costs of recording documentation associated with Buyer’s financing of the purchase of the Property, and (4) the entire costs of any loan policy of title insurance and any endorsements or other modifications to the Title Policy or the loan policy of title insurance, if any. Seller will pay (1) one- half of any escrow fee charged by the Title Agent, (2) the cost of all documentation necessary to evidence the cancellation or satisfaction of any liens Seller is obligated to remove and other items Seller has committed in writing to remove or cure as provided in Section 6(C), and (3) the entire cost of the basic premium for the Title Policy for coverage in the amount of the Purchase Price and (4) the entire cost of the Updated Survey. ▇▇▇▇▇ and Seller each will pay their own respective attorneys’ fees. Other costs will be paid by Seller or Buyer, as applicable, as specified by other provisions of this Agreement or, if no provision is made in this Agreement, in accordance with local custom. (B) Seller and Buyer will prorate, effective as of 11:59 p.m. Austin, Texas time on the day immediately preceding the Closing Date, all collected Rents and expenses of operation of the Property (including utilities, property taxes and assessments), except for insurance premiums. To the extent possible, utility prorations will be handled by meter readings on the day immediately preceding the Closing Date. Amounts allocable to the Closing Date will be for the account of Buyer. If, at the time of Closing, the tax rate or the assessed valuation of the Property for the year of Closing is not yet known, the apportionment of taxes will be based upon the taxes calculated on the amount of the Purchase Price as the market or assessed value. If any expenses (other than taxes) cannot be determined finally as of Closing, such expense will be prorated on the best available information. Adjustments to the prorations will be made from time to time after Closing to take account of final information as to expenses estimated as of Closing or to adjust Rents or expenses that were not included in the prorations done at the Closing, and Buyer or Seller, as applicable, will pay the other on demand such amounts as may be appropriate based on such adjustments. Any re-proration of expenses must be completed within ninety (90) days after Closing or, in the case of taxes, within thirt...

Closing Costs and Prorations. Seller shall deliver an updated rent roll to Closing Agent not later than two (2) days before the scheduled Closing date in the form required by Section 5(a) and any other information reasonably requested by Closing Agent to allow Closing Agent to prepare a settlement statement for Closing. Seller certifies that the information contained in the rent roll is correct as of the date submitted. Seller shall pay the premium for the owner's standard coverage title policy. Buyer shall pay the excess premium attributable to any extended coverage or endorsements requested by ▇▇▇▇▇, and the cost of any survey required in connection with the same. Seller and Buyer shall each pay one-half of the escrow fees. Any real estate excise taxes shall be paid by the party who bears primary responsibility for payment under the applicable statute or code. Real and personal property taxes and assessments payable in the year of closing; collected rents on any existing tenancies; interest; utilities; and other operating expenses shall be pro-rated as of Closing. If tenants pay any of the foregoing expenses directly, then Closing Agent shall only pro rate those expenses paid by Seller. Buyer shall pay to Seller at Closing an additional sum equal to any utility deposits or mortgage reserves for assumed financing for which ▇▇▇▇▇ receives the benefit after Closing. Buyer shall pay all costs of financing including the premium for the lender's title policy. If the Property was taxed under a deferred classification prior to Closing, then Seller shall pay all taxes, interest, penalties, deferred taxes or similar items which result from removal of the Property from the deferred classification. At Closing, all refundable deposits on tenancies shall be credited to Buyer or delivered to Buyer for deposit in a trust account if required by state or local law. Buyer shall pay any sales or use tax applicable to the transfer of personal property included in the sale.

Closing Costs and Prorations. Buyer shall pay all other closing costs, including but not limited to: (1) recording fees for the cost of recording the State Deed; (2) the cost for any title insurance purchased at Buyer’s option; (3) lender fees, if any, together with all associated recording fees, if any; and (4) any other cost, fee or expense which may be reasonably required in order for the transaction to close.

Closing Costs and Prorations. Buyer will pay all closing costs, including but not limited to: attorney fees, deed preparation, deed recording, deed stamps, survey (if required), mortgage fees, or any other fees or expenses required to close the transaction. All prepaid rents, real property taxes, and other public charges assessed or to be assessed for the year in which this transaction is consummated shall be prorated between Seller and Buyer to the date of closing.

Closing Costs and Prorations. Taxes and assessments for the current year, if any, shall be prorated between the prior owner of the Personal Property and Buyer as of the date of closing. Seller shall pay one-half (½) of Closing Agent’s closing and escrow fees. Buyer shall pay one-half (½) of Closing Agent’s closing and escrow fees. In addition, Buyer shall pay all other closing costs, including but not limited to: (1) recording fees for the cost of recording the State Deed; (2) the cost for any title insurance purchased at

Closing Costs and Prorations. All recording fees, escrow fees, and other closing costs (except documentary transfer taxes as provided in Section 3.5(c) above) shall be allocated according to custom and practice based on the location of the Property. All income and expenses of the Property shall be prorated according to custom and practice based on the location of the Property.

Closing Costs and Prorations a. All general and special taxes, rollback taxes, if any, and assessments against the Property for all periods prior to the Closing Date shall be paid by Seller at or prior to Closing. The amount of such taxes shall be estimated based on information provided by the Utah County Assessor for the parcel or parcels of which the Property is a part, the "Assessed Parcel.” Seller and Buyer shall each pay their own legal expenses in connection with this Transaction. b. Buyer shall pay the cost of a standard coverage owner’s policy of title insurance. Unless otherwise agreed by the parties in writing, ▇▇▇▇▇ shall pay all other closing costs including, but not limited to charges and fees assessed by Closing Agent.