Common use of Sales, Use and Property Taxes Clause in Contracts

Sales, Use and Property Taxes. Sales or use taxes, if applicable on this purchase, are the responsibility of Buyer and will be paid to the Selling Agency at Closing. ▇▇▇▇▇ hereby indemnifies Seller and ▇▇▇▇▇▇ for the payment of same. As per this Agreement, Property tax is the responsibility of the Owner of Record on January 1st of any given year. This contract does not implement any prorating of Property Tax, unless otherwise stated in ADDITIONAL TERMS. Seller and ▇▇▇▇▇ are advised to take this into account when agreeing on the terms of purchase.

Appears in 1 contract

Sources: Purchase and Sale Agreement

Sales, Use and Property Taxes. Sales or use taxes, if applicable on this purchase, are the responsibility of the Buyer. Buyer and will be paid to the Selling Agency at Closing. ▇▇▇▇▇ hereby indemnifies Seller and ▇▇▇▇▇▇ Broker for the payment of same. As per this Agreement, Property tax is the responsibility of the Owner of Record on January 1st of any given year. This contract does not implement any prorating of Property Tax, unless otherwise stated in ADDITIONAL TERMS. Seller and ▇▇▇▇▇ Buyer are advised to take this into account when agreeing on the terms of purchase.

Appears in 1 contract

Sources: Purchase and Sale Agreement