Common use of REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS Clause in Contracts

REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS. The responsibility for all real property taxes for the current tax period and all expenses (including but not limited to common area maintenance expenses and fees), if any, that are the responsibility of Seller, shall be prorated between Buyer and Seller as of the Closing Date. All income and all operating expenses from the Property, if any, shall be prorated between the parties and adjusted by them as of the Closing Date. Seller shall be entitled to all income earned, and shall be responsible for all expenses incurred, prior to the Closing Date. Buyer shall be entitled to all income earned, and shall be responsible for all operating expenses of the Property incurred, on and after the Closing Date.

Appears in 7 contracts

Samples: Purchase and Sale Agreement (Aei Income & Growth Fund 24 LLC), Purchase and Sale Agreement (Aei Income & Growth Fund 24 LLC), Purchase and Sale Agreement (Aei Net Lease Income & Growth Fund Xx Limited Partnership)

AutoNDA by SimpleDocs

REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS. The responsibility Pursuant to the Lease, Tenant is responsible for paying all real property taxes for the current tax period and all expenses (including but not limited to common area maintenance expenses and fees). Therefore, if any, that are no real property tax prorations will occur between the responsibility of Seller, shall be prorated between Buyer and Seller as of the Closing Dateparties at Closing. All income and all operating expenses from the Property, if any, shall be prorated between the parties and adjusted by them as of the Closing Date. Seller shall be entitled to all income earned, and shall be responsible for all expenses incurred, prior to the Closing Date. Buyer shall be entitled to all income earned, earned and shall be responsible for all operating expenses of the Property incurred, on and after the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (AEI Income & Growth Fund 26 LLC)

AutoNDA by SimpleDocs

REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS. The responsibility for all real property taxes for the current tax period and all expenses (including but not limited to common area maintenance expenses and fees), if any, that are the responsibility of SellerSeller and not paid by or reimbursed by Xxxxxx, shall be prorated between Buyer and Seller as of the Closing Date. All income and all operating expenses from the Property, if any, shall be prorated between the parties and adjusted by them as of the Closing Date. Seller shall be entitled to all income earned, and shall be responsible for all expenses incurred, prior to the Closing Date. Buyer shall be entitled to all income earned, and shall be responsible for all operating expenses of the Property incurred, on and after the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (AEI Income & Growth Fund 26 LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.