Condominium Conversions definition

Condominium Conversions. Includes properties that have been, or are expected to be, converted to condominium for ownership. For the avoidance of doubt, Condominium Conversions shall also be considered Development Properties.
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Condominium Conversions means the filing or recording with the applicable county clerk or county recorder, or other applicable state, municipal or local governmental entity or agency, of any document providing for the conversion of the Property to a Condominium Project. Deed Xxxxxx Xxxxxxx Xxxxxxxxxx, Xxxxxxxxx, XX
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Examples of Condominium Conversions in a sentence

  • Boarding Houses, Hotels, Motels, Tourist Houses, Private Clubs, Bed and Breakfast Establishments, Fraternity and Sorority Houses, Manufactured homes (built on a permanent chassis and attached to permanent foundations), Mobile Homes, Cooperatives, Condominium Conversions, Condotels, Hotel Condominiums, Timeshares, Geodesic Domes, Working Farms and Ranches, Unimproved Land and property currently in litigation.

  • Grander Gulf Shores, AL The Renwick Charlotte, NC Southgate on Fairview Charlotte, NC Condominium Conversions (Details) Approx.

  • Gross Margin: 20% to 30% Approx After-tax IRR: 15% to 40% Taxable REIT Subsidiary Condominium Conversions Murano - Delray Beach, FL Portofino - Jensen Beach, FL Mira Vista – Charleston, S.C.

Related to Condominium Conversions

  • Condominium Plan means a plan described in Section 4285.

  • Condominium Act means Article 9-B of the New York Real Property Law (339-d et seq.) of the State of New York and all modifications, supplements and replacements thereof and all regulations with respect thereto, now or hereafter enacted or promulgated.

  • Condominium unit A Single Family Property within a Condominium Project.

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Condominium means a common interest community in which portions of the real estate are designated for separate ownership and the remainder of the real estate is designated for common ownership solely by the owners of those portions. A common interest community is not a condominium unless the undivided interests in the common elements are vested in the unit owners.

  • Condominium Declaration means the Declaration of Condominium for NetApp RTP Phase I Condominium recorded in Book 012647, Page 01310, Wake County, North Carolina Registry.

  • New Building ’ means a new construction to house a complete motor vehicle as- sembly process, where that construction includes the pouring or construction of a new foundation and floor, the erection of a new frame and roof, and the instal- lation of new plumbing and electrical and other utilities;

  • Building Drain means that part of the lowest horizontal piping of a drainage system which receives the discharge from soil, waste, and other drainage pipes inside the walls of the building and conveys it to the building sewer, beginning five (5) feet (1.5 meters) outside the inner face of the building wall.

  • Condominium Documents means the master deed, recorded pursuant to this act, and any other instrument referred to in the master deed or bylaws which affects the rights and obligations of a co-owner in the condominium.

  • Optional Conversion has the meaning set forth in Section 6(a).

  • Office Building (Premises), means a building or premises or part thereof whose sole or principal use is for an office or for office purposes or clerical work. "Office purposes" includes the purpose of administration, clerical work, handling money, telephone, telegraph and computer operation; and "clerical work" includes writing, book-keeping, sorting papers typing, filing, duplicating, punching cards or tapes, machines calculations, drawing of matter for publication and editorial preparation of matter for publication.

  • Forced Conversion has the meaning set forth in Section 4.05(c) hereof.