Interim-occupancy

How to calculate closing cost

With Real Estate prices soaring high, home buyers are concerned how much money they need to have to cover their closing cost. In this crazy bidding war, home buyer is putting more money into buying real estate and often forget about money required to close the property which is significant amount. In this article we’ll try to simply for you to calculate closing costs. Major cost contributors towards...

How to calculate approx. cost of interim occupancy

The occupancy period starts when your municipality declares the building as “fit for occupancy”. During the occupancy period, builders charge occupancy costs or interim occupancy fees, which are monthly payments to your developer. Interim occupancy fee consists of three things: Interest on Outstanding balance due to builder Approximate Property Tax Approximate Maintenance Fee To give you...

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