Associated Costs

It is customary practice in Bermuda for costs associated with the sale of a property to be shared equally between the Vendor and Purchaser for legal fees generated in preparation of the Conveyance and Stamp Duty payable on the Deed of Transfer. The Vendor and Purchaser are liable each to their own attorneys for any costs incurred for services rendered during the sales process which are in addition to the costs related to the Conveyance Fee, applicable Stamp Duty and Sales Commission.