Common use of Foreign Investment in Real Property Tax Act Clause in Contracts

Foreign Investment in Real Property Tax Act. certificate: The Foreign Investment in Real Property Tax Act (“FIRPTA”) is 196. applicable if Owner is a non-resident alien individual, foreign corporation, foreign partnership, foreign trust, or foreign estate 197. (“Foreign Person”). Owner agrees to complete, sign, and deliver to Escrow Company a certificate indicating whether Owner 198. is a Foreign Person. FIRPTA requires that a foreign seller may have federal income taxes up to 15% of the purchase price 199. withheld, unless an exception applies. Owner is responsible for obtaining independent legal and tax advice.

Foreign Investment in Real Property Tax Act. certificate: The Foreign Investment in Real Property Tax Act (“FIRPTA”) is 196204. applicable if Owner is a non-resident alien individual, foreign corporation, foreign partnership, foreign trust, or foreign estate 197205. (“Foreign Person”). Owner agrees to complete, sign, and deliver to Escrow Company a certificate indicating whether Owner 198206. is a Foreign Person. FIRPTA requires that a foreign seller may have federal income taxes up to 15% of the purchase price 199207. withheld, unless an exception applies. Owner is responsible for obtaining independent legal and tax advice.

Foreign Investment in Real Property Tax Act. certificate: The Foreign Investment in Real Property Tax Act (“FIRPTA”) is 196195. applicable if Owner is a non-resident alien individual, foreign corporation, foreign partnership, foreign trust, or foreign estate 197196. (“Foreign Person”). Owner agrees to complete, sign, and deliver to Escrow Company a certificate indicating whether Owner 198197. is a Foreign Person. FIRPTA requires that a foreign seller may have federal income taxes up to 15% of the purchase price 199198. withheld, unless an exception applies. Owner is responsible for obtaining independent legal and tax advice.