Common use of IRS Real Estate Sales Reporting Clause in Contracts

IRS Real Estate Sales Reporting. Purchaser and Seller hereby agree that the Title Company shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including IRS Form 1099-S, and shall otherwise comply with the provisions of Section 6045(e) of the Code.

Appears in 8 contracts

Samples: Real Estate Purchase and Sale Agreement, Real Estate Purchase and Sale Agreement (Excelsior Lasalle Property Fund Inc), Purchase and Sale Agreement (STAG Industrial, Inc.)

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IRS Real Estate Sales Reporting. Purchaser and Seller hereby agree that the The Title Company shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Internal Revenue Code and shall prepare and file all informational returns, including IRS Form 1099-S, and shall otherwise comply with the provisions of Section 6045(e) of the Internal Revenue Code.

Appears in 5 contracts

Samples: Lease Agreement (Hospitality Properties Trust), Third Transaction Agreement (Travelcenters of America LLC), Lease Agreement (Hospitality Properties Trust)

IRS Real Estate Sales Reporting. Purchaser Purchaser, Seller and Seller Title Company (as defined in the Master Agreement) hereby agree and acknowledge that the Title Company shall act as "the person responsible for closing" the transaction which is the subject of this Agreement pursuant to Code Section 6045(e) of the Code and shall prepare and file all informational returns, including including, without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Internal Revenue Code Section 6045(e) of the Code). Purchaser and Seller shall reasonably cooperate in connection with such filings.

Appears in 3 contracts

Samples: Real Estate Purchase Agreement (First Washington Realty Trust Inc), Real Estate Purchase Agreement (First Washington Realty Trust Inc), Real Estate Purchase Agreement (First Washington Realty Trust Inc)

IRS Real Estate Sales Reporting. The Purchaser and Seller the Sellers hereby agree that the Title Company shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including IRS Form 1099-S, and shall otherwise comply with the provisions of Section 6045(e) of the Code.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Dividend Capital Total Realty Trust Inc.)

IRS Real Estate Sales Reporting. Purchaser and Seller hereby agree that the Title Company shall act as "the person responsible for closing" the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including IRS Form 1099-S, and shall otherwise comply with the provisions of Section 6045(e) of the Code.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Gsi Group Inc)

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IRS Real Estate Sales Reporting. Purchaser and Seller hereby agree that the Title Company shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including IRS Form 1099-1099 S, and shall otherwise comply with the provisions of Section 6045(e) of the Code.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (STAG Industrial, Inc.)

IRS Real Estate Sales Reporting. Seller and Purchaser and Seller hereby agree that the Title Company shall act as “the person responsible for closing” the transaction which is the subject of this Agreement Contract pursuant to Code Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Code Section 6045(e) of the Code).

Appears in 1 contract

Samples: Contract of Sale (PMFG, Inc.)

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