Subdivision Approval. 6.3.1 If the Premises constitute only a portion of a current tax parcel or legal lot under current zoning laws the Seller shall deliver all necessary documentation to establish the division has or had been approved, if required, in accordance with local and state law. Furthermore, if the Premises constitute only a portion of a current tax parcel, the Seller shall deliver a certificate of apportionment (with memorandum of apportionment prior to closing) from the municipal assessor’s office, establishing the percentage of such tax parcel’s assessed value to be attributed to the Premises. In lieu of a certificate of apportionment, the parties may agree to establish the percentage by other reasonable method.
Appears in 2 contracts
Sources: Sale and Purchase Agreement, Sale and Purchase Agreement