Real Property Transfer definition
Examples of Real Property Transfer in a sentence
The Seller shall pay State Real Property Transfer Tax imposed by the Tax Law and further agrees to pay the expenses of procuring and recording satisfactions of any existing mortgages.
This Lease shall not be recorded; however, at Landlord’s request, Landlord and Tenant shall promptly execute, acknowledge and deliver a memorandum of this Lease in form suitable for recording, together with such customary New York City and State Real Property Transfer Tax forms and affidavits as are then required for the recording of such memoranda, and Landlord may thereupon record such memorandum.
The Seller shall pay New York State Real Property Transfer Tax imposed by Section 1402 of the Tax Law and further agrees to pay the expenses of procuring and recording satisfactions of any existing mortgages unless otherwise provided in writing.
The Company and Buyer shall comply with Section 14.15 of the New York State Tax Law relating to the New York State Real Property Transfer Tax and Chapter 21, Title 11 of the Administrative Code of the City of New York relating the New York City Real Property Transfer Tax and any similar taxes of other applicable jurisdictions (all such taxes collectively, the "Transfer Taxes").
Neither AUC Cayman nor MEIO owns or controls, either of record, beneficially or equitably, or leases or has rights to any properties, assets, rights and interests of any kind, whether tangible or intangible, real or personal that are used in the Business that are not being transferred to the St. Maarten Buyer or the U.S. Buyer, as applicable, pursuant to the AUC Cayman Real Property Transfer Agreement, the MEIO Transfer Agreement or this Agreement.
Any liability arising out of the New York City or New York State Real Property Transfer Tax, if applicable and due with respect to the Merger, shall be borne by the Surviving Corporation and expressly shall not be a liability of the Company Stockholders.
Buyer shall pay at Closing all costs, if any, for recording the deed and any related transfer documents including the Real Property Transfer Report (RP-5217) and the Transfer Tax Return (TP-584) and, as Seller is wholly exempt from all taxation, Buyer is obligated to pay any New York State transfer tax due upon the sale of the Property.
Unless Seller is not a “foreign person” under the Foreign Investment in Real Property Transfer Act or an exemption applies, the Escrow Holder shall deduct and withhold from Seller’s proceeds ten percent (10%) of the gross sales price and shall otherwise comply with all applicable provisions of the Foreign Investment in Real Property Act and any similar state act.
It is the anticipation of the parties that no New York City Real Property Transfer Tax in connection with the sale contemplated by this Agreement shall be due or payable.
Buyer shall pay at Closing all costs for recording the deed and any related transfer documents including the Real Property Transfer Report (RP-5217) and the Transfer Tax Return (TP-584) and any New York State transfer tax which may be due upon a sale of the Property.