Fees Costs Payment Obligations Clause Samples
The Fees/Costs/Payment Obligations clause defines the financial responsibilities of each party under the agreement, specifying who must pay for which services, products, or expenses. It typically outlines the amounts due, payment schedules, acceptable payment methods, and any additional costs such as taxes or late fees. By clearly allocating payment duties and setting expectations for financial transactions, this clause helps prevent disputes over money and ensures both parties understand their monetary commitments.
Fees Costs Payment Obligations. Unless otherwise agreed to in writing, Seller and Buyer shall each pay one- half (1/2) of the fee charged by the escrow/closing office for its services in the settlement/closing process. Tenant deposits (including, but not limited to, security deposits, cleaning deposits and prepaid rents) shall be paid or credited by Seller to Buyer at Settlement. ▇▇▇▇▇ agrees to be responsible for homeowners’ association and private and public utility service transfer fees, if any, and all utilities and other services provided to the Property after the Settlement Deadline. The escrow/closing office is authorized and directed to withhold from Seller’s proceeds at Closing, sufficient funds to pay off on ▇▇▇▇▇▇’s behalf all mortgages, trust deeds, judgments, mechanic's liens, tax liens and warrants. The provisions of this Section 3.4 shall survive Closing.
Fees Costs Payment Obligations escrow/closing office for its services in the settlement/closing process.
Fees Costs Payment Obligations. Unless otherwise agreed to in writing, Seller and Buyer shall each pay one-half (1/2) of the fee charged by the escrow/closing office for its services in the settlement/closing process. The escrow/closing office is authorized and directed to withhold from Seller's proceeds at Closing, sufficient funds to pay off on ▇▇▇▇▇▇'s behalf all mortgages, trust deeds, judgments, mechanic's liens, tax liens and warrants. The provisions of this Section
Fees Costs Payment Obligations. Unless otherwise agreed to in writing, Seller and Buyer shall each pay one-half (1/2) of the fee charged by the escrow/closing office for its services in the settlement/closing process. Tenant deposits (including any prepaid rents) shall be paid or credited by Seller to Buyer at Settlement. ▇▇▇▇▇ agrees to be responsible for homeowners' association and private and public utility service transfer fees, if any, and all utilities and other services provided to the Property after the Settlement Deadline. The escrow/closing office is authorized and directed to withhold from Seller's proceeds at Closing, sufficient funds to pay off on ▇▇▇▇▇▇'s behalf all mortgages, trust deeds, judgments, mechanic's liens, tax liens and warrants. The provisions of this Section 3.5 shall survive Closing.
Fees Costs Payment Obligations