Real Property Tax Sample Clauses
The Real Property Tax clause defines the responsibilities of the parties regarding the payment of taxes assessed on real estate involved in the agreement. Typically, this clause specifies whether the buyer or seller is responsible for property taxes up to the date of closing, and may outline procedures for prorating taxes if the transaction occurs mid-year. Its core function is to ensure clarity and prevent disputes by clearly allocating the financial responsibility for real property taxes between the parties.
Real Property Tax. DPT shall be responsible for the payment of all Premises taxes levied and assessed for any calendar or tax year upon the Premises, provided that any increase due to the improvements added pursuant to this Agreement shall be the responsibility of Connetics.
Real Property Tax. All real property taxes including supplemental or other taxes, if any, governmental assets, insurance premiums, water, sewer and municipal charges, condominium charges and assessments, leasehold payments or ground rents which previously became due and owing will have been paid by the Sellers prior to any penalty or interest accruing or proceeding commencing with respect thereto.
Real Property Tax. Tenant shall pay before delinquent, exhibiting receipts to Landlord on demand, all real property taxes and assessments levied or assessed against the Leased Premises and improvements thereon, all water charges or assessments levied in connection with any improvements or irrigation projects, or district or other taxes, assessments or governmental charges of any kind levied or assessed against the Leased Premises. Tenant shall have the right, in good faith
Real Property Tax. Tenant shall pay all Real Property taxes ------------ ----------------- and assessments on the Premises including any increases in value or rate. Tenant shall pay and discharge such taxes no later than the due date, and shall provide Landlord evidence of such payment. The Real Property taxes shall be prorated between the parties for any partial years during the Term hereof.
Real Property Tax. If Separate Assessment, Evidence of Payment
Real Property Tax. Paragraph
9.1. An estimate of the Real Property Tax for the year in which this Lease commences is set forth in Schedule A.
Real Property Tax. Tenant shall pay before delinquent, exhibiting receipts to Landlord on demand, all real property taxes and assessments levied or assessed against the Leased Premises and improvements thereon, all water charges or assessments levied in connection with any improvements or irrigation projects, or district or other taxes, assessments or governmental charges of any kind levied or assessed against the Leased Premises. Tenant shall have the right, in good faith and at its sole and own cost and expense and in its own name or in the name - 3 - 8 of Landlord, to protest or contest or seek to have reviewed, reduced, equalized or abated any tax or assessment by legal proceedings in such manner as it may deem advisable. No protest, contest or other action, however, shall be maintained by Tenant after the time limited for the payment without penalty or interest of the tax or assessment unless Tenant shall have first paid the amount of such tax or assessment under protest or shall have procured a stay of proceedings to enforce the collection thereof, and shall have also provided for the payment thereof, together with all penalties, interest, cost and expenses, by the deposit of a bond in form approved by Landlord if required by law to accomplish such stay.
Real Property Tax. Levies All searches as of December 1, 2017 • Cascades Lands (Langley) • Cascades Casino - #1 – 20393 Fraser Highway • Cascades Casino Hotel #2 – 20393 Fraser Highway • Office Building next to Cascades Casino/Hotel – 20389 Fraser Highway • Grand Villa Lands (Burnaby) • Grand Villa Casino / Hotel - ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ • Grand Villa Casino Parking Structure - ▇▇▇▇/▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ • Grand Villa Casino / Parking Lot ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ • Starlight Lands (New Westminster) • Star Light Casino - ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, New Westminster, BC • Vacant Lot Next to Starlight Casino – ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ (straddles New West/Richmond Boundary)
Real Property Tax. (a) Landlord shall pay the "Base Real Property Taxes" on the Project during the Lease term.
(b) Tenant shall pay Landlord the amount, if any, by which the Real Property Taxes during each calendar year of the Lease term exceeds the Base Real Property Taxes (hereinafter known as "Additional Taxes").
(c) The Project consists of two unique property types (hereinafter known as "property types") which have different property values relative to the overall valuation of the total Project. If the total Project is not separately assessed among the different property types within the total Project, then Landlord shall allocate the total Real Property Tax among the two property types based upon the following percentages hereinafter known as "allocated tax"):