land contract

Who Pays Closing Cost On Land Sale?

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Who Pays Closing Cost On Land Sale? California’s basic transfer tax is $1.10 per $1,000 of value, reports CaliforniaCityFinance.com, and generally the seller pays the cost. If a $575,000 piece of land changes hands, the seller will pay the entire $632.50 tax at closing. Who pays closing costs in cash sale? Who pays closing costs?

What Is The Main Difference Between Lease Options And Lease Purchase Agreements?

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What Is The Main Difference Between Lease Options And Lease Purchase Agreements? The difference between a lease option and lease purchase agreement is that the lease option only obligates the seller to sell. A lease purchase agreement commits both parties to the sale barring breach of contract or the buyer’s inability to secure a mortgage.