Escrow Closing Costs Clause Samples

The 'Escrow; Closing; Costs' clause defines the procedures and responsibilities related to the handling of escrow accounts, the process of closing a transaction, and the allocation of associated costs. It typically outlines which party is responsible for depositing funds into escrow, the steps required to complete the closing, and how expenses such as escrow fees, title insurance, and recording charges are divided between the parties. By clearly specifying these details, the clause ensures a smooth and transparent closing process, minimizes disputes over payments, and allocates financial responsibilities fairly.
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Escrow Closing Costs. Each party shall pay one-half (½) of the Escrow fee and one-half (½) of such other costs as Escrow Holder reasonably determined to be customarily imposed by Escrow Holder.
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Escrow Closing Costs. BUYER shall be responsible for all recording fees and escrow closing costs, except that STATE shall pay for the cost of the CLTA title policy (excluding any endorsements) issued to BUYER pursuant to this Agreement, and BUYER shall pay the cost of the lender’s title policy issued to STATE pursuant to this Agreement. Escrow Holder shall deliver an estimated closing statement to BUYER and STATE at least three (3) days prior to the scheduled Close of Escrow.
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Escrow Closing Costs. Escrow and closing costs shall be paid as follows: (A) Seller shall pay documentary transfer taxes and the cost of a standard form CLTA (California Land Title Association) title insurance policy issued by the Escrow Holder as the "Title Insurer," and covering the Property for the Purchase Price ("Title Policy") and escrow fees. (B) To the extent necessary or required by Seller, general real estate taxes for the then-current year relating to the Property shall be prorated as of the Closing Date and Buyer shall pay such taxes for the period from the Effective Date prior to the Closing Date. If Closing shall occur before the actual taxes for the then current year are known, the apportionment of taxes shall be upon the basis of taxes for the Property for the immediately preceding year, provided that, if the taxes for the current year are thereafter determined to be more or less than the taxes for the preceding year (after any appeal of the assessed valuation thereof is concluded), the Buyer and the Seller promptly shall adjust the proration of such taxes and Buyer or Seller, as the case may be, shall pay to the other any amount required as a result of such adjustment. (C) Regular City fees for clean-up and maintenance of the Property levied between the Effective Date and the Closing Date shall be paid by ▇▇▇▇▇. All other special taxes or assessments (including any escaped assessments) which are attributable for the period prior to the Closing Date shall be paid by the Seller.
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Escrow Closing Costs. Closing shall occur at (sellers choice) who shall act as the escrow/closing agent. Unless limited by law or modified by the terms of this Agreement, Seller shall pay at closing all customary and usual closing costs and fees, including but not limited to the following: Seller shall pay the Seller's excise tax, the cost of the owner's standard form of title insurance, recording fees, and Seller's half share of escrow fees; Buyer shall pay all costs and fees associated with the financing, any other costs agreed to under the terms of this Agreement, and Buyer's half share of the escrow fees (unless prohibited by government regulation). Taxes for the current year, rents, interest, association or homeowner's fees shall be pro-rated as of date of closing.
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Escrow Closing Costs. (A) Seller shall pay the costs associated with this transaction as follows: (1) Any documentary transfer tax imposed by the County. (2) All special taxes or assessments for the period prior to the Closing Date. (3) All broker commissions related to this Agreement, including: Three (3%) of the Purchase Price to Buyer’s Broker, ▇▇▇▇▇ Cerro Graden, Inc., dba DCG Commercial. (B) Buyer shall pay the costs associated with this transaction as follows:‌ (1) The cost of a standard form ALTA (American Land Title Association) title insurance policy issued by the Escrow Holder as the “Title Insurer,” and covering the Property for the Purchase Price (“Title Policy”), including the cost of any survey or any endorsements to the policy requested by ▇▇▇▇▇. (2) Escrow charges and fees. (3) Any recording fees. (4) All special taxes or assessments which are attributable for the period after to the Closing Date.
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Escrow Closing Costs 
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Related to Escrow Closing Costs

  • Closing Costs The costs attributed to the Closing of the Property shall be the responsibility of ☐ Buyer ☐ Seller ☐ Both Parties. The fees and costs related to the Closing shall include but not be limited to a title search (including the abstract and any owner’s title policy), preparation of the deed, transfer taxes, recording fees, and any other costs by the title company that is in standard procedure with conducting the sale of a property.

  • Escrow Closing Buyer and Seller acknowledge and understand that the closing of the sale may be handled by an escrow agent and that the listing broker is authorized to transfer the ▇▇▇▇▇▇▇ money or any other funds received to the escrow agent. After the transfer, Broker shall have no further responsibility or liability to Buyer or Seller to account for the funds. Escrow agent’s charges shall be equally divided between Buyer and Seller.

  • Closing Costs and Prorations Taxes and assessments for the current year, if any, shall be prorated between the prior owner of the Personal Property and Buyer as of the date of closing. Seller shall pay one-half (½) of Closing Agent’s closing and escrow fees. Buyer shall pay one-half (½) of Closing Agent’s closing and escrow fees. In addition, Buyer shall pay all other closing costs, including but not limited to: (1) recording fees for the cost of recording the State Deed; (2) the cost for any title insurance purchased at Buyer’s option; (3) lender fees, if any, together with all associated recording fees, if any;