Common use of Prorations and Adjustments Clause in Contracts

Prorations and Adjustments. Unless otherwise provided, the following items shall be prorated and either adjusted between the parties or paid at Closing: (a) Ad valorem taxes on real property shall be prorated on a calendar year basis through the date of Closing; (b) Ad valorem taxes on personal property for the entire year shall be paid by the Seller unless the personal property is conveyed to the Buyer, in which case, the personal property taxes shall be prorated on a calendar year basis through the date of Closing; (c) All late listing penalties, if any, shall be paid by Seller; (d) Rents, if any, for the Property shall be prorated through the date of Closing; (e) Owners’ association dues and other like charges shall be prorated through the date of Closing. Seller represents that the regular owners’ association dues, if any, are $ per .

Prorations and Adjustments. Unless otherwise provided, the following items shall be prorated and either adjusted between the parties or paid at Closingclosing: (a) Ad valorem taxes on real property shall be prorated on a calendar year basis through the date of Closingclosing; (b) Ad valorem taxes on personal property property, IF ANY, for the entire year shall be paid by the Seller unless the personal property is conveyed to the Buyerbuyer, in which case, the personal property taxes shall be prorated on a calendar year basis through the date of Closingclosing; (c) All late listing penalties, if any, shall be paid by Seller; (d) Rents, if any, for the Property shall be prorated through the date of Closingclosing; (e) Owners’ Owner’s association dues dues, property management fees, and other like charges shall be prorated through the date of Closing. Seller represents that the regular owners’ association dues, if any, are $ per closing.

Prorations and Adjustments. Unless otherwise provided, the following items shall be prorated and either adjusted between the parties or paid at Closing: (a) Ad valorem taxes on real property shall be prorated on a calendar year basis through the date of Closing (unless this transfer is subject-to a loan with an associated escrow account, in which case Seller agrees to forgo proration of real estate tax and assign any balance in said escrow account to Buyer at Closing); (b) Ad valorem taxes on personal property for the entire year shall be paid by the Seller unless the personal property is conveyed to the Buyer, in which case, the personal property taxes shall be prorated on a calendar year basis through the date of Closing; (c) All late listing penalties, if any, shall be paid by Seller; (d) Rents, if any, for the Property shall be prorated through the date of Closing; (e) Owners’ association dues and other like charges shall be prorated through the date of Closing. Seller represents that the regular owners’ association dues, if any, are $ per .;