Common use of Pro-rations Clause in Contracts

Pro-rations. Any taxes and assessments that are a lien on the Property, or that otherwise relate to the Property and are due and payable as of Closing (other than the lien of general real estate taxes that are not due and payable as of Closing) shall be paid by Seller on or before closing. Seller to pay all current real estate taxes and no pro-rations shall occur between Seller and Purchaser. Seller shall also pay all current grass cuts and other maintenance charges against the Property.

Appears in 3 contracts

Sources: Real Estate Purchase Agreement, Real Estate Purchase Agreement, Real Estate Purchase Agreement