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Propertymagnets

Prorations and Closing Costs

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Hi Michael,

 

I have a question about what information to include in part 2 of PRORATIONS AND CLOSING COSTS:

 

(1) Real property taxes on the property, and general and special assessments, if any, for the current fiscal year shall be prorated to the close of escrow and paid by the Seller/Landlord.

 

(2) The closing costs shall be those incurred in conjunction with closing escrow and shall be paid at the close of escrow as follows: ___________________________.

 

Thank you,

 

Charles

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