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Because property is not always transferred at times when taxes, insurance, and rent are due, amounts pre-paid, in large blocks, by the seller should be
Because property is not always transferred at times when taxes, insurance, and rent are due, amounts pre-paid, in large blocks, by the seller should be divided between the seller and the buyer in the escrow. The common real estate industry term for these divisions or apportionments (as contained the new (2021) CAR Residential Purchase Agreement (RPA) form) is
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