Common use of Prorations and Closing Costs Clause in Contracts

Prorations and Closing Costs. All real estate taxes and assessments against the Property shall be paid by the Buyer as of the date of the Closing over the period of the then current municipal fiscal year. Buyer and the University shall each pay the real estate transfer tax – unless exempt - and execute the real estate transfer tax form, as applicable. Buyer is responsible for all

Prorations and Closing Costs. All real estate taxes and assessments against the Property shall be paid by the Buyer as of the date of the Closing over the period of the then current municipal fiscal year. Buyer and the University shall each pay the real estate transfer tax – unless exempt - and execute the real estate transfer tax form, as applicable. Buyer is responsible for allform in accordance with Maine statute.