Statutory closing costs are charges mostly incurred by the buyer of a property at the time of the closing. These charges pertain typically to title transfer and deed recording, as well as other services provided by state or local government agencies as dictated by existing relevant state and local laws.
Such costs should not be included in the financing costs of a property investment. They should however be included in the total investment cost, when calculating different investment performance measures such as returns since inception, cash on cash return, internal rate of return, etc.
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