Common use of Final Billing Clause in Contracts

Final Billing. A billing on each Home closed, showing the appropriate fee due Cartus as stated above, all Direct Expenses (and Inventory Fees for Special Homes only) with regard to that Home, and a reconciliation of advances or amounts paid by the Client with regard to that Home, resulting in a credit due the Client or a payment due Cartus. Any net resale gains shall be a credit to the Client and any proceeds of the sale of Homes may be applied against Cartus' fees and Direct Expenses. If expenses and/or credits are incurred, that were not ascertained at the time of issuance of the Home’s closing invoice, these expenses and/or credits will be issued to Client on a separate invoice.