Condotel definition

Condotel means a building containing condominium units, rooms, or suites of rooms, with or without culinary facilities and subject to a timeshare plan.
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Condotel means Condotel which is built up in the close-type structure under the approved design and used for the purpose of staying or short-term rental business with the features described in detail in Appendix 1 of this Contract;
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Examples of Condotel in a sentence

  • Maintenance Fund is calculated by 2% Total value of Condotel excluding VAT, temporarily calculated as….., will be paid by Party B to Party A under the announcement of handover of Condotel.

  • The Lessee agrees that the Lessor will not be responsible for returning to the Lessee any part of the Condotel Leasing Price that the Lessee has paid.

  • Party B pays Total value of Condotel to Party A in accordance with Annex 01 [Table of Payment Schedule] attached to this Agreement.

  • If on the return date, the Lessee’s properties still located at the Condotel, it shall be deemed that the Lessee waives the ownership of such properties, the Lessor has full right to relocate and handle such properties at the Lessor’s own discretion.

  • Lessee shall pay all charges arising from the management, operation, including but not limited to: Operation and Management Fee and any fees related to the management and operation of Condotel as well as the Building specified in this Contract and the Building Regulations, including in cases that the Lessee does not use the Condotel.

  • Condotel Apartment for a day based on the location, area and type of Condotel Apartments and is officially announced by the Service Provider each time.

  • Purpose of usage of Condotel: for accommodation, leisure and rental of tourist accommodation (not forming residential units).

  • To ensure that the Lessee is entitled to enjoy public utilities attached to the Condotel provided that the Lessee will have paid fully and on time Operation and Management Fee and other management expenses (if any).

  • In addition to the actions described in paragraphs (a) and (c) above, Seller agrees that it will, upon the written request of Purchaser, support and promote, and provide general written and/or verbal indications of support and promotion of, the Condotel Conversion Entitlements and Development with neighboring landowners, community groups, local organizations, and other influential groups.

  • To take responsibility for warranty of Condotel in accordance with the agreement of this Contract and in accordance with the applicable Law.

Related to Condotel

  • Townhouse means a building, other than a plex, stacked townhouse or apartment building, containing at least 3 dwelling units, each dwelling unit separated vertically from the other by a party wall and each dwelling unit having a separate entrance to grade;

  • stacked townhouse means a building, other than a townhouse or apartment building, containing at least 3 dwelling units, each dwelling unit being separated from the other vertically and/or horizontally, and each dwelling unit having an entrance to grade shared with no more than 3 other units;

  • Apartment shall have the meaning ascribed to it in Recital H;

  • SOFRi means the SOFR for:

  • Motel means a place of lodging that at any one time will