Commercial Unit Owner definition

Commercial Unit Owner means the record titleholder of a Commercial Unit, but the term does not include a Person holding an interest in a Commercial Unit solely as security for an obligation. Until such time as the Commercial Master Unit is subdivided into individual Commercial Units, the term “Commercial Unit Owner” will refer to the record titleholder of the Commercial Master Unit.
Sample 1
Commercial Unit Owner means the Owner of a Commercial Unit.
Sample 1
Commercial Unit Owner means the Unit Owner of the Commercial Unit whose use is reserved exclusively for commercial and/or retail use in accordance with the applicable zoning ordinances.
Sample 1

Examples of Commercial Unit Owner in a sentence

  • Upon such distribution of insurance proceeds, the affected Commercial Unit Owner shall repair the Unit as otherwise provided in this Section 16.

  • After a permanent certificate of occupancy has been obtained, the Commercial Unit Owner shall have the right, without the prior written consent of the Condominium Board, to make non-structural alterations to its Unit and its Limited Common Elements which do not affect the exterior or utility systems of the Building without the consent of the Board of Managers.

  • Reasons for an updated Sumner-Alert message would include but not be limited to further detailed information on the emer- gency, changes in location of the emergency, the emergency being deemed contained, concluded or no longer a threat.In the event of an emergency, primary phone numbers and e-mail accounts will be used for con- tact.

  • The Commercial Unit Owner may also install signs on the exterior of the building above its storefront, up to a plane equivalent to the height and width of the interior ceiling and walls within the Commercial Unit.

  • The property manager may also provide services to individual Owners, such as leasing individual Units as may be determined between the property manager and the Owner, provided however, that services performed for individual Owners which are performed for all the Association that services performed for individual Owners which are not performed for all the Association shall not be Common Expenses but shall be charged to such Owners as the Owners and the property manager may determine.

  • A Commercial Unit Owner shall be responsible for the compliance with the provisions of the Governing Documents by the Commercial Unit Owner's lessees, customers, guests and Invitees, as well as its lessee's customers, guests and Invitees.

  • Assessment for Commercial Limited Common Expenses shall be assessed only against the Commercial Unit Owner and/or any Commercial Sub-Unit Owner(s) and shall include only the expense items that benefit only the Commercial Unit Owner(s) and/or any Commercial Sub-Unit Owner(s).

  • We want to stress that the results of ORCHIDEE-CNP are not only compared to ORHIDEE-C, but also compared to data-driven products and observations.

  • However, the Commercial Unit Owner is not authorized to execute any application in regard to a variance with the Board of Standards and Appeals without the consent of the Condominium.

  • Section 15(b)(1) of the Condominium’s Bylaws states that “each Commercial Unit Owner shall keep the Commercial Unit and its equipment, appliances and appurtenances in good order, condition and repair and in a clean and sanitary condition.”Section 13.1(c) of the Bylaws states that “the Commercial Executive Committee shall, on behalf of the Commercial Association .


More Definitions of Commercial Unit Owner

Commercial Unit Owner means the Unit Owner of the Commercial Unit at the time in question.
Sample 1
Commercial Unit Owner means the legal title owner of a Condominium Parcel which includes a Commercial Unit.
Sample 1

Related to Commercial Unit Owner

  • Commercial unit means such a unit of goods as by commercial usage is a single whole for purposes of lease and division of which materially impairs its character or value on the market or in use. A commercial unit may be a single article, as a machine, or a set of articles, as a suite of furniture or a line of machinery, or a quantity, as a gross or carload, or any other unit treated in use or in the relevant market as a single whole.

  • Unit owner means the declarant or other person who owns a unit, or a lessee of a unit in a leasehold common interest community whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the common interest community but does not include a person having an interest in a unit solely as security for an obligation. In a condominium or planned community, the declarant is the owner of any unit created by the declaration until that unit is conveyed to another person, in a cooperative, the declarant is treated as the owner of any unit to which allocated interests have been allocated pursuant to section 38-33.3-207 until that unit has been conveyed to another person, who may or may not be a declarant under this article.

  • Generator Owner means the Person that owns the Generating Facility and has registered with the NERC as the Person responsible for complying with all NERC Reliability Standards applicable to the owner of the Generating Facility.

  • Residential Unit means a home, apartment, residential condominium unit or mobile home, serving as the principal place of residence.

  • JOINT OWNER A Contract may be owned by Joint Owners. If Joint Owners are named, any Joint Owner must be the spouse of the other Contract Owner. Upon the death of either Contract Owner, the surviving spouse will be the primary Beneficiary. Any other Beneficiary designation will be treated as a contingent Beneficiary unless otherwise indicated in an Authorized Request.

  • Lot Owner means a declarant or other person who owns a lot, or a lessee of a lot in a leasehold planned community whose lease expires simultaneously with any lease the expiration or termination of which will remove the lot from the planned community, but does not include a person having an interest in a lot solely as security for an obligation.

  • Apartment owner means the person owning an apartment and an undivided interest in the common areas and facilities appurtenant to such apartment in the percentage specified in the conveyance deed of apartment;

  • Commercial vehicle means a motor vehicle, trailer, or semitrailer used or

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

  • Unit Owners shall according to the context, mean all purchasers and/or intending purchasers of different Flats / apartments / Units in the Buildings and shall also include the Builder in respect of such Flats / apartments / Units which are retained and/or not alienated and/or not agreed to be alienated for the time being by the Vendors and/or the Builder.

  • Project Owner means the legal entity that ultimately owns the Project and to which Tax Credits will be allocated.

  • Cogeneration unit means a unit that is able to operate in cogeneration mode;

  • Initial Unit Price means (a) with respect to the Common Units and the Subordinated Units, the initial public offering price per Common Unit at which the Underwriters offered the Common Units to the public for sale as set forth on the cover page of the prospectus included as part of the Registration Statement and first issued at or after the time the Registration Statement first became effective or (b) with respect to any other class or series of Units, the price per Unit at which such class or series of Units is initially sold by the Partnership, as determined by the General Partner, in each case adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of Units.

  • economic operator means any natural or legal person or public entity or group of such persons and/or entities which offers the execution of works and/or a work, the supply of products or the provision of services on the market;

  • British thermal unit or "Btu" means the amount of heat

  • Commercial driver s license" means:

  • Production Unit means a facility for generation of electricity made up of a single generation unit or of an aggregation of generation units;

  • Association of unit owners means all of the unit owners:

  • commercial fishing means to take, harvest, hold, transport, or off-load marine species for sale or intended sale (R.I. Gen. Laws § 20-1-3).

  • Tight-fitting facepiece means a respiratory inlet covering that forms a complete seal with the face.

  • Co-owner means a Person who owns an Ownership Interest and a Co-Owner of a Series means a Person who owns an Ownership Interest of the Series.

  • apartment unit means any residential dwelling unit within a building containing three or more dwelling units where access to each residential unit is obtained through a common entrance or entrances from the street level and the residential units are connected by an interior corridor;

  • Storage operator means a person holding or applying for a permit.

  • Unrecovered Initial Unit Price means at any time, with respect to a Unit, the Initial Unit Price less the sum of all distributions constituting Capital Surplus theretofore made in respect of an Initial Common Unit and any distributions of cash (or the Net Agreed Value of any distributions in kind) in connection with the dissolution and liquidation of the Partnership theretofore made in respect of an Initial Common Unit, adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of such Units.

  • Heat unit means a unit of energy equal to the product of the peak kilovoltage, milliamperes, and seconds, i.e., kVp x mA x second.

  • Generation Unit means a facility that converts a fuel or an energy resource into electrical energy.