Free Real Estate Property Tax Agreement Template
Real Estate Property Tax Agreement
This Real Estate Property Tax Agreement ("Agreement") is entered into between [Your Company Name], hereinafter referred to as the "Property Owner," and [Taxing Authority], hereinafter referred to as the "Taxing Authority," effective as of [Effective Date].
1. Property Description
The Property Owner owns the following property subject to property taxes:
Property Address: [Property Address]
Parcel Number: [Parcel Number]
2. Payment Terms
The Property Owner agrees to pay property taxes to the Taxing Authority for the aforementioned property in accordance with the following terms:
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The property taxes shall be paid annually.
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The payment amount shall be determined based on the assessed value of the property and the applicable tax rate set by the Taxing Authority.
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Payment shall be made on or before the due date specified by the Taxing Authority.
3. Late Payments
In the event of late payment, the Property Owner shall be liable for any penalties, interest, or other charges imposed by the Taxing Authority in accordance with local regulations.
4. Dispute Resolution
Any disputes arising under this Agreement shall be resolved through good faith negotiations between the parties. If a resolution cannot be reached, either party may seek legal remedies as provided by law.
5. Term and Termination
This Agreement shall remain in effect until terminated by either party upon written notice to the other party. Termination of this Agreement shall not relieve the Property Owner of their obligation to pay any outstanding property taxes.
6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].
7. Entire Agreement
This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written.
IN WITNESS WHEREOF, the parties hereto have executed this Real Estate Property Tax Agreement as of the date first above written.
[Your Company Name]
[Authorized Signatory]
[Title]
[Date]
[Taxing Authority]
[Authorized Signatory]
[Title]
[Date]
