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

REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS. Seller represents that to the best of its knowledge, all real estate taxes and installments of special assessments due and pay able in all years prior to the year of Closing have been paid in full. Responsibility for real estate taxes and special assessments shall be prorated as of the date of closing based upon the most recently available tax xxxx with no readjustment for the taxes due for the year in which closing shall occur. All real estate taxes and special assessments due and payable in the years following the year in which closing occurs shall otherwise be the responsibility of Buyer.

Appears in 3 contracts

Samples: Purchase Agreement Fairfield, Ohio (Aei Real Estate Fund Xviii Limited Partnership), Purchase Agreement Mason, Ohio (Aei Real Estate Fund Xvii Limited Partnership), Purchase Agreement Mason, Ohio (Aei Real Estate Fund Xvi LTD Partnership)

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REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS. Seller represents that to the best of its knowledge, all real estate taxes and installments of special assessments due and pay able payable in all years prior to the year of Closing have been paid in full. Responsibility for real estate taxes and special assessments shall be prorated as of the date of closing based upon the most recently available tax xxxx bill with no readjustment for readjustmenx xxr the taxes due for the year in which closing shall occur. All real estate taxes and special assessments due and payable in the years following the year in which closing occurs shall otherwise be the responsibility of Buyer.

Appears in 2 contracts

Samples: Purchase Agreement (Aei Net Lease Income & Growth Fund Xx Limited Partnership), Purchase Agreement (Aei Real Estate Fund Xvi LTD Partnership)

REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS. Seller represents that to the best of its knowledge, all real estate taxes and installments of special assessments due and pay able payable in all years prior to the year of Closing have been paid in full. Responsibility for real estate taxes and special assessments shall be prorated as of the date of closing based upon the most recently available tax xxxx with no readjustment for the taxes due for the year in which closing shall occur. All real estate taxes and special assessments due and payable in the years following the year in which closing occurs shall otherwise be the responsibility of Buyer.

Appears in 2 contracts

Samples: Purchase Agreement (Aei Real Estate Fund Xviii Limited Partnership), Purchase Agreement (Aei Real Estate Fund Xv LTD Partnership)

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REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS. Seller represents that to the best of its knowledge, all real estate taxes and installments of special assessments due and pay able payable in all years prior to the year of Closing have been paid in full. Responsibility for real estate taxes and special assessments shall be prorated as of the date of closing based upon the most recently available tax xxxx with no readjustment for the taxes due for the year in which closing shall occur. All real estate taxes and special assessments due and payable in the years following the year in which closing occurs shall otherwise be the responsibility of Buyer.

Appears in 1 contract

Samples: Purchase Agreement (Aei Real Estate Fund Xviii Limited Partnership)

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