Basic property definition

Basic property means real estate, property designated as basic property by the articles of association, property incorporated into the basic property according to decisions of the board of directors, and the annual budgetary surplus reserve of the institution.
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Examples of Basic property in a sentence

  • Basic property information, such as site plans and square footage.

  • Basic property restoration does not include such items as the reinstallation of fencing; the replacement of decking, concrete, or asphalt; nor replacement of any landscaping flora, i.e., bushes, trees, shrubs, etc.

  • Basic property restoration includes returning the property surface to an even grade.

Related to Basic property

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • 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.