Residential Contract Of Sale Template Page 11
Download a blank fillable Residential Contract Of Sale Template in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Residential Contract Of Sale Template with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16(f) If the Premises are a one or two family house, delivery by the parties
at Closing of affidavits in compliance with state and local law requirements to the effect
that there is installed in the Premises a smoke detecting alarm device or devices.
(g) The delivery by the parties of any other affidavits required as a
condition of recording the deed.
17. Deed Transfer and Recording Taxes. At Closing, certified or official bank
checks payable to the order of the appropriate State, City or County officer in the amount
of any applicable transfer and/or recording tax payable by reason of the delivery or
recording of the deed or mortgage, if any, shall be delivered by the party required by law
or by this contract to pay such transfer and/or recording tax, together with any required
tax returns duly executed and sworn to, and such party shall cause any such checks and
returns to be delivered to the appropriate officer promptly after Closing. The obligation to
pay any additional tax or deficiency and any interest or penalties thereon shall survive
Closing.
18. Apportionments and Other Adjustments; Water Meter and Installment
Assessments. (a) To the extent applicable, the following shall be apportioned as of
midnight of the day before the day of Closing: (i) taxes, water charges and sewer rents,
on the basis of the fiscal period for which assessed; (ii) fuel; (iii) interest on the existing
mortgage; (iv) premiums on existing transferable insurance policies and renewals of
those expiring prior to Closing; (v) vault charges; (vi) rents as and when collected.
(b) If Closing shall occur before a new tax rate is fixed, the apportionment
of taxes shall be upon the basis of the tax rate for the immediately preceding fiscal period
applied to the latest assessed valuation.
(c) If there is a water meter on the Premises, Seller shall furnish a reading
to a date not more than 30 days before Closing and the unfixed meter charge and sewer
rent, if any, shall be apportioned on the basis of such last reading.
(d) If at the date of Closing the Premises are affected by an assessment
which is or may become payable in annual installments, and the first installment is then a
lien, or has been paid, then for the purposes of this contract all the unpaid installments
shall be considered due and shall be paid by Seller at or prior to Closing.
(e) Any errors or omissions in computing apportionments or other
adjustments at Closing shall be corrected within a reasonable time following Closing.
This subparagraph shall survive Closing.
19. Allowance for Unpaid Taxes, etc. Seller has the option to credit Purchaser as
an adjustment to the purchase price with the amount of any unpaid taxes, assessments,
water charges and sewer rents, together with any interest and penalties thereon to a date
- 11 -
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business