Suitable for Occupancy definition

Suitable for Occupancy means a structural area in a home currently lived in or an area not currently used for occupancy, such as a basement, that an occupant or homeowner could use for living space without renovations. This includes an unfinished basement that could be used regularly as, for example, a recreation room, playroom, exercise room or workshop.
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Suitable for Occupancy means a structural area in a home currently lived in or an area not currently used for occupancy, such as a basement, that an occupant or
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Examples of Suitable for Occupancy in a sentence

  • Tax Credit Properties‐Non‐transient Occupancy and Suitable for Occupancy Requirement (I.R.C. Section 42(i)(3)(B)).

  • That document reports results of the annual risk assessment, 3-year physical inspection cycle, annual rent review/approve, annual Suitable for Occupancy certification, annual financial review, annual HUSM utility expense calculation, and 6th-year income verification.

  • Physical Requirements of Qualified Units, Suitable for Occupancy Qualified units rented to, or reserved for, eligible tenants: Must have substantially the same equipment and amenities (excluding luxury amenities) as other units in the Project; Must be substantially the same size as other units in the Project; and Cannot be geographically segregated from other units in the Project.

  • The Assessor must certify that sufficient funds exist prior to the commencement of any contracting action.

  • Tax Credit Properties-Non-transient Occupancy and Suitable for Occupancy Requirement (I.R.C. Section 42(i)(3)(B).

  • Income and Rent Restrictions 34 B: Income Recertification 35 C: Lien and Restrictive Covenants 35 4.5 Suitable for Occupancy 35 A: General Requirements and Recordkeeping 35 B: Casualty Loss 36 C: Ongoing Lead-Based Paint Compliance 36 5.

  • Physical Requirements of Qualified Units, Suitable for Occupancy 387.

  • Income and Rent Restrictions 37 B: Income Recertification 37 C: Lien and Restrictive Covenants 38 4.5 Suitable for Occupancy 38 A: General Requirements and Recordkeeping 38 B: Casualty Loss 39 C: Ongoing Lead-Based Paint Compliance 39 5.

  • See chapter 6 for complete discussion.Example 1: Vacant LIHC Rental Unit Suitable for Occupancy at the End of the Taxable Year Within the Compliance Period The owner of a 100% LIHC building elected the 40/60 minimum set-aside and placed the building in service in July of 2003; 2003 is the first year of the credit (and compliance) period.

Related to Suitable for Occupancy

  • Ready for Occupancy means the date upon which (i) the Leased Premises are available for Tenant's occupancy in a broom clean condition and (ii) the improvements, if any, to be made to the Leased Premises by Landlord as a condition to Tenant's obligation to accept possession of the Leased Premises have been substantially completed and the appropriate governmental building department (i.e., the City building department, if the Property is located within a City, or otherwise the County building department) shall have approved the construction of such improvements as substantially complete or is willing to so approve the construction of the improvements as substantially complete subject only to compliance with specified conditions which are the responsibility of Tenant to satisfy or is willing to allow Tenant to occupy subject to its receiving assurances that specified work will be completed.

  • Prior Occupancy means Owner’s use of all or parts of the Project before Substantial Completion, as more fully set forth in Section 6.08 A.

  • Transient occupancy means occupancy in transient lodging that has all of the following

  • Certificate of Occupancy means a certificate of occupancy, governmental sign-off or other document, permit or approval (whether conditional, unconditional, temporary or permanent) which must be obtained by Landlord from the appropriate governmental authority as a condition to the lawful initial occupancy by Tenant of the Expansion Space that is the subject of the Work.

  • Single Room Occupancy or “SRO” means housing consisting of single room dwelling units that is the primary residence of its occupant or occupants. An SRO does not include facilities for students.

  • Habitable space means space in a building used for living, sleeping, eating, or cooking. Habitable space does not include a heater or utility room, a crawl space, a basement, an attic, a garage, an open porch, a balcony, a terrace, a court, a deck, a bathroom, a toilet room, a closet, a hallway, a storage space, and other similar spaces not used for living, sleeping, eating, or cooking.

  • Child-occupied facility means a building or portion of a building constructed prior to 1978, visited regularly by the same child, age six years or younger on at least two different days within any week (Sunday through Saturday period), provided that each day’s visit lasts at least three hours and the combined weekly visit lasts at least six hours, and the combined annual visits last at least 60 hours. Child-occupied facilities may include, but are not limited to, day-care centers, preschools and kindergarten classrooms.

  • Building Area means the greatest horizontal area of a building within the outside surface of the exterior walls.

  • Occupancy means the use or intended use of a building or part thereof for the shelter or support of persons, animals or property.

  • Owner-occupied means property that is the principal

  • the Premises means the building or part of the building booked and referred to in the contract

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • bicycle parking space – occupant means an area that is equipped with a bicycle rack or locker for the purpose of parking and securing bicycles, and:

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Licensed premises or “premises” means all rooms, enclosures, contiguous areas, or places susceptible of precise description satisfactory to the administrator where alcoholic beverages, wine, or beer is sold or consumed under authority of a liquor control license, wine permit, or beer permit. A single licensed premises may consist of multiple rooms, enclosures, areas, or places if they are wholly within the confines of a single building or contiguous grounds.

  • Parking Area means the area designated as a permitted parking area and a special parking area by the Road Traffic (Permitted Parking Area and Special Parking Area) (Angus Council) Designation Order 2017; and “permitted parking area” and “special parking area” are to be read accordingly;”; and

  • Parking Areas means those portions of the Common Areas or other areas under Landlord’s control which from time to time are designated by the Landlord for the parking of automobiles and other automotive vehicles while engaged in business upon the Premises (other than while being used to make deliveries to and from the Premises).

  • Common Areas is defined as all areas and facilities outside the Premises and within the exterior boundary line of the Project and interior utility raceways and installations within the Unit that are provided and designated by the Lessor from time to time for the general non-exclusive use of Lessor, Lessee and other tenants of the Project and their respective employees, suppliers, shippers, customers, contractors and invitees, including parking areas, loading and unloading areas, trash areas, roadways, walkways, driveways and landscaped areas.

  • Permitted Occupier means if used in the Agreement, any person who is licensed or permitted by the Landlord to reside at the Property together with the Tenant and who does so as a rent free licensee of the Tenant.

  • Own Occupation means your occupation that you were performing when your Disability or Partial Disability began. For the purposes of determining Disability under this plan, Liberty will consider your occupation as it is normally performed in the national economy.

  • public open space means the securing of an area of a site at grade or street level which is acceptable to the City and is appropriately landscaped for the use and enjoyment of the public during reasonable hours.

  • Office Premises means any building, facility, or portion thereof, or other premises, whether owned or controlled by CP, which is used solely for clerical or administrative purposes and which does not contain heavy equipment or machinery, as designated by CP from time to time;

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which: