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A "non-prorated expense" is a cost that either the buyer or the seller has to pay during a real estate transaction, but it's not shared with the other party. This means that one person has to pay for it all on their own, without any help.
For example, let's say the seller has to pay attorney fees and documentary tax stamps, and the buyer has to pay lender fees. These are all non-prorated expenses, which means each party has to cover their own costs without splitting them with the other party.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
Non-prorated expenses, what are those?
They're costs for one party, like a garden hose.
Attorney fees and taxes, oh my,
Lender fees too, they're worth a try!
When you're closing a real estate deal,
These costs can be quite the ordeal.
One party has to pay them all, for real,
Without splitting them, like a meal!
So if you're buying or selling a space,
Be sure to know what costs you'll face.
Non-prorated expenses are no disgrace,
Just be prepared, and they'll be in their place!