How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Richard Your Own Question
Richard, Lawyer
Category: Real Estate Law
Satisfied Customers: 55598
Experience:  32 years of experience as lawyer in Texas. I'm also a Real Estate developer.
Type Your Real Estate Law Question Here...
Richard is online now
A new question is answered every 9 seconds

On a land contract, what does the statement "Purchaser shall

Customer Question

On a land contract, what does the statement "Purchaser shall pay prior to delinquency all taxes and assessments levied on the property at the time of execution" mean? Purchasing property in Wi. In lay man terms please.
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Richard replied 1 year ago.

Hi! My name is Richard & I will be helping you today! It will take me a few minutes to type a response to your question. Thanks for your patience!

Expert:  Richard replied 1 year ago.

What this means is that if, at the time of the execution of the contract, any taxes or assessments have been levied and are owed on the property...such as property taxes or HOA assessments...the purchasing party agrees to pay such taxes and/or assessments timely...i.e., before they become delinquent.