https://nanda.ca/real-estate-law/closing-adjustments/ Closing Adjustments are the final financial calculations made during a real estate transaction to fairly divide property-related costs between the buyer and seller. These adjustments typically include property taxes, utility bills, condo fees, and other prepaid or outstanding expenses, ensuring each party pays their fair share up to the closing date. Proper handling of closing adjustments helps avoid disputes and smooths the transfer of ownership.