Initial Year Assessments Clause Samples

The "Initial Year Assessments" clause defines how property taxes or similar assessments are handled during the first year of a lease or ownership. Typically, it specifies whether the tenant or buyer is responsible for paying taxes assessed for the initial year, and may outline how any prorated amounts are calculated if the transaction occurs partway through a tax year. This clause ensures clarity and fairness in allocating tax obligations at the start of an agreement, preventing disputes over who pays for assessments that span the transition period.
Initial Year Assessments. The parties agree that the methods set forth in the School’s Approved Application (Appendix 1), in this Charter, and as specified in applicable laws and rules shall be used to identify the educational strengths and needs of students and the educational goals and performance standards in the School’s initial year. This accountability criteria shall be based upon the School’s assessment system, as agreed, and on statewide assessment programs. All initial year assessments shall be conducted at the times specified in the School’s Approved Application (Appendix 1) unless another time is required by the state.
Initial Year Assessments. The parties agree that the methods set forth in School’s approved Application (Exhibit A), in this Charter, and as specified by those laws and rules applicable to the School shall be used to identify the educational strengths and needs of students and the educational goals and performance standards in the School’s initial year. This accountability criteria shall be based upon the School’s assessment system, as agreed, and on Statewide assessment programs. All initial year assessments shall be conducted at the times specified in the School’s approved Application (Exhibit A) unless another time is required by the State of Florida.