CONDITION OF PROPERTY definition

CONDITION OF PROPERTY. Buyer stipulates that they have had opportunity to inspect the premises and accepts it in an “as is condition”. Seller certifies that they have received no notice of any ordinance violation from any Federal, State of Municipal Government entity.
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CONDITION OF PROPERTY. Owner shall have sole responsibility for placing the Property in clean and tenant ready condition prior to occupancy. Owner certifies that all heating, cooling, plumbing, electrical systems, and all appliances are in good working condition and Owner shall be responsible for the maintenance or replacement of same. Owner certifies that the roof is watertight and that water does not enter living areas either from rain or subterranean sources and Owner shall be responsible for the maintenance or replacement of same. Owner certifies that the Property is in good habitable condition, there is no mold, mildew or any water intrusion on the premises and is in compliance with all applicable laws, ordinances and regulations of all governmental authorities. REPAIRS: Broker is given the right to spend in the amount not to exceed $200.00 in any one month to purchase items, make repairs, and pay for same out of Owner's funds, and, if inadequate, Owner shall be billed for the difference. In case of emergency, i.e. air conditioning, heat, refrigerator, range or plumbing or any other repair the Broker deems an emergency and or necessary in Broker's sole judgment for the safety of the tenant(s) or the welfare of the property, Broker has authority to institute repairs, even if over the aforementioned limit. In order to maintain the Repair Account, Owner will provide Broker with $200.00 and if this account falls below $200.00, Broker may replenish it from the rents received. The remaining reserve balance, if any, will be returned to the owner when management of Property has concluded and the Owner account balance has been reconciled. In the event repairs are         made, Broker shall withhold the amount disbursed from the next ensuing rent payment or from any rents received but not yet forwarded to Owner. Broker will arrange for all repairs, inspections, maintenance and cleanings, unless Owner has notified Broker in writing prior to the commencement of repairs to use someone else that Owner has selected, and Owner makes arrangements with third party direct. Owner agrees that they shall pay third party direct and shall indemnify and hold Broker harmless for payment of same.
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CONDITION OF PROPERTY shall have the meaning set forth in Section 4.03(a).
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Examples of CONDITION OF PROPERTY in a sentence

  • CONDITION OF PROPERTY The Property is offered for sale “AS IS” AND “WHERE IS” without representation or warranty, expressed or implied.

  • ARTICLE SIX: CONDITION OF PROPERTY; MAINTENANCE, REPAIRS AND ALTERATIONS.

  • CONDITION OF PROPERTY: All property listed is offered for exchange “as is” and “where is”.

  • NO SELLER’S REPRESENTATIONS ABOUT PROPERTY; FURTHER ACCEPTANCE OF CONDITION OF PROPERTY.

  • CONDITION OF PROPERTY 15-37 PurposeInadequately maintained residential or commercial/business buildings are at an increased risk for fire, unlawful entry, or other public health and safety hazards.

  • SAMPLE CONDITION OF PROPERTY: THE PURCHASER UNDERSTANDS THAT THE SELLER MAY HAVE ACQUIRED THE PROPERTY BY FORECLOSURE, DEED-IN-LIEU OF FORECLOSURE, FORFEITURE, TAX SALE, RIGHT OF EMINENT DOMAIN OR SIMILAR PROCESS AND CONSEQUENTLY AND OR ANY OTHER WAY.

  • IX CONDITION OF PROPERTY: Property and all systems and appliances are purchased “As is”.

  • CONDITION OF PROPERTY Owner certifies that, to the best of Owner's knowledge, all systems are in working order, including, but not limited to, heating, cooling, plumbing, electrical, and appliances.

  • CONDITION OF PROPERTY: Purchaser has inspected the buildings on the Property and the personal property included in this sale and is thoroughly acquainted with their physical condition and state of repair.

  • CONDITION OF PROPERTY The Government is offering the Property for sale “AS IS” AND “WHERE IS”, disclaims any and all express or implied warranties and specifically makes no warranties of title, habitability, merchantability, suitability, and fitness for any purpose.


More Definitions of CONDITION OF PROPERTY

CONDITION OF PROPERTY. The Property shall be conveyed by the County to HabitatNOVA in “as is, where is” physical condition. The County makes no representations or warranties whatsoever to HabitatNOVA, either express or implied, with respect to the physical condition of the Property, its fitness for any particular purpose or use, or the suitability of any part of the Property for the purposes or needs of HabitatNOVA.
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CONDITION OF PROPERTY. Insurable Title closing Deed and title closing date and place conditions to closing Apportionments, allowance for unpaid taxes, use of purchase price, title examination Affidavit as to judgments, defaults and remedies, purchaser’s lien, notices, no assignment, broker, miscellaneous signatures rider rider signatures Purchaser’s rider Purchaser’s Second Rider
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CONDITION OF PROPERTY. Owner shall have sole responsibility for placing the Property in clean and tenant ready condition prior to occupancy. Owner certifies that all heating, cooling, plumbing, electrical systems, and all appliances are in good working condition and Owner shall be responsible for the maintenance or replacement of same. Owner certifies that the roof is watertight and that water does not enter living areas either from rain or subterranean sources and Owner shall be responsible for the maintenance or replacement of same. Owner certifies that the Property is in good habitable condition, there is no mold, mildew or any water intrusion on the premises and is in compliance with all applicable laws, ordinances and regulations of all governmental authorities. • REPAIRS: Broker is given the right to spend in the amount not to exceed $200.00 in any one month to purchase items, make repairs, and pay for same out of Owner's funds, and, if inadequate, Owner shall be billed for the difference. In case of emergency,
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Related to CONDITION OF PROPERTY

  • Personal Property means all machinery, equipment, furniture, furnishings, movable walls or partitions, computers (and all associated software), trade fixtures and other personal property (but excluding consumable inventory and supplies owned by Tenant) used in connection with the Leased Property, together with all replacements and alterations thereof and additions thereto, except items, if any, included within the definition of Fixtures or Improvements.

  • Special Conditions means Special Conditions of Contract, which override the General Conditions, also referred to as SCC.

  • Environmental Condition means any condition or circumstance, including the presence of Hazardous Substances which does or would (i) require assessment, investigation, abatement, correction, removal or remediation under any Environmental Law, (ii) give rise to any civil or criminal Liability under any Environmental Law, (iii) create or constitute a public or private nuisance or (iv) constitute a violation of or non-compliance with any Environmental Law.

  • New property means (i) the assessed value, after final