Common use of Real Estate Taxes and Special Assessments Clause in Contracts

Real Estate Taxes and Special Assessments. General real estate taxes and assessments payable for all tax years ending prior to the Closing Date shall be paid by Seller. General real estate taxes and assessments payable for the tax year containing the Closing Date shall be prorated by Seller and Buyer as of the Closing Date.

Real Estate Taxes and Special Assessments. General real estate taxes and assessments payable for all the tax years ending year prior to the tax year in which the Closing Date occurs and all prior years shall be paid by Seller. General real estate taxes and assessments payable for the tax year containing in which the Closing Date occurs and for subsequent years shall be prorated by Seller and Buyer as paid in accordance with the terms of the Closing DateLease Agreement.