Real Estate Transfer Assessment Sample Clauses

Real Estate Transfer Assessment. The Master Association (as defined in Paragraph 12) will levy a real estate transfer assessment on the sale of the Lot to Purchaser in the amount of two percent (2%) of the Purchase Price. Such real estate transfer assessment shall be paid at the Closing by Seller.
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Real Estate Transfer Assessment. 4.1 Subject to Section 12 below and the terms and conditions set forth in this Section 4.1, there is hereby imposed upon the entire Property, a real estate transfer assessment (the “Real Estate Transfer Assessment”) of one percent (1%) of the Purchase Price (defined below) on the sale of homes and residential units.
Sample 1
Real Estate Transfer Assessment. 4.1 The Developer shall impose upon the entirety of the Property a private covenant imposing a real estate transfer assessment of one percent (1%) on the gross sales price on the sale of any home and/or residential unit (the “Real Estate Transfer Assessment”), substantially in the form attached hereto as Exhibit F. Transfers of portions of the Property, including individual homes, residential units and/or lots, as between WSN, WSN affiliated entities, the Yampa Valley Housing Authority and/or the Steamboat Springs School District shall be exempt from the Real Estate Transfer Assessment. In the event the Real Estate Transfer Assessment is determined to be invalid, then in such event WSN shall provide an alternate mechanism (“XXXX Alternate”) to recover normal and customary costs incurred by the City to provide the Property City services typically provided within City limits, including but not limited to police, fire, road maintenance and other City services typically provided within the City limits (the “City Services”), the XXXX Alternate being subject to City approval which approval shall not be unreasonable withheld.
Sample 1

Related to Real Estate Transfer Assessment

  • Real estate transactions You must sign the certification. You may cross out item 2 of the certification.

  • Real Estate Taxes and Special Assessments The 2022 calendar year real estate taxes due and payable in 2023 shall be paid by Seller. Seller shall credit Buyer(s) at closing for said 2022 real estate taxes payable in 2023 based on the most recent ascertainable tax figures. Xxxxx is responsible for all subsequent real estate taxes.

  • Initial Assessment A Board-designated Administrator shall determine whether the alleged conduct merits an investigation.

  • Real Estate All real property at any time owned or leased (as lessee or sublessee) by the Borrower or any of its Subsidiaries.

  • ENCROACHMENT/ACQUISITION The Assignee/Bank has no notice or knowledge of any encroachment or that the Government or any other authority has any immediate intention of acquiring the whole or any part of the Property for roads or any other improvement schemes and if such encroachment shall be found to exist or if the Government or any local authority has any such intention, the same shall not annul the sale or shall any abatement or compensation be allowed in respect thereof.

  • Environmental Assessment Buyer shall have the right for a period commencing upon execution of this Agreement by both parties and ending on November 28, 2012, to conduct an environmental assessment of the Assets, at Buyer’s sole risk, liability and expense. Seller shall make available to Buyer, during the environmental assessment period described above, Seller’s historical files regarding prior operations on the Assets, and provide Buyer and its representatives with reasonable access to the Assets to conduct the environmental assessment. Buyer shall provide Seller three (3) days prior written notice of a desired date(s) for such assessment and Seller shall have the right to be present during any assessment and, if any testing is conducted pursuant to Seller’s express prior written consent, Seller may require splitting of all samples. Notwithstanding any other provision of this Agreement to the contrary, Buyer shall not have the right to drill any test, monitor or other xxxxx or to extract samples of any air, soil, water or other substance from the Assets without Seller’s express prior written consent. If Buyer proposes a reasonable request to drill a test well or extract a sample pursuant to a systematic and customary procedure for the assessment of the environmental condition of the Assets and Seller refuses to grant its consent to such a well or sampling, then Buyer shall have the right, for a period of seventy-two (72) hours following notification of Seller’s refusal to consent, to deliver written notice to Seller of Buyer’s election to exclude from this transaction the portion of the Assets affected by such proposed test well or sample, and the Purchase Price shall be adjusted accordingly by the Allocated Value of such portion of the Assets so excluded. Under no circumstances whatsoever shall Seller ever be obligated to grant its consent to any such test xxxxx or sampling proposed by Buyer, and Buyer’s sole and exclusive remedy for any refusal by Seller to grant its consent shall be the limited right contained in the preceding sentence to exclude the affected Assets from the transactions contemplated by this Agreement. If Buyer fails to exercise the right to exclude such Assets by written notice to Seller delivered prior to the expiration of the seventy-two hour period described above, then Buyer shall be conclusively deemed to have waived such right and shall be obligated to purchase the affected Assets without conducting such testing or sampling or any adjustment of the Purchase Price unless otherwise provided in this Agreement.

  • Real Estate Taxes All taxes and installments for special assessments will be prorated for the calendar year based on taxes levied. If taxes have not been levied, then they will be prorated based upon taxes for the previous year, adjusted for the most recent mill levy, if known.

  • Real Estate Taxes and Assessments Xxxxx is aware that all property is subject to the possibility of reassessment which may result in increased real estate taxes.

  • PROPERTY ASSESSMENT The Buyer and Seller hereby acknowledge that the Province of Ontario has implemented current value assessment and properties may be re-assessed on an annual basis. The Buyer and Seller agree that no claim will be made against the Buyer or Seller, or any Brokerage, Broker or Salesperson, for any changes in property tax as a result of a re-assessment of the property, save and except any property taxes that accrued prior to the completion of this transaction.

  • Qualified Property Applicant’s Qualified Property is described in Schedule 2.3, which is incorporated herein by reference. The Parties expressly agree that the location of the Qualified Property shall be within the Reinvestment Zone as set out in Schedule 2.1.

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