Estate in Real Property definition

Estate in Real Property. A fee simple estate in a parcel of land.
Estate in Real Property. A fee simple estate in a parcel of real property.
Estate in Real Property. A fee simple estate or leasehold estate in a parcel of land.

Examples of Estate in Real Property in a sentence

  • The Title Policy shall be Chicago Title Company's ALTA Owner's policy with liability in the amount of $83,100,000, showing the Apollo and Wilstein TIC Interests (i) in the Leasehold Estate in Real Property and (ii) in the fee title to the Improvements in each instance, as vested in Acquirer, subject only to the permitted exceptions specified in Paragraph 4(a) above.


More Definitions of Estate in Real Property

Estate in Real Property. A fee simple estate in a parcel of real property. Exchange Act: The Securities Exchange Act of 1934, as amended.
Estate in Real Property means a fee simple estate in a parcel of land.

Related to Estate in Real Property

  • Leased Real Properties means those properties listed in Schedule 4.01(u).

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Real means, in the context of offset projects, that GHG reductions or GHG enhancements result from a demonstrable action or set of actions, and are quantified using appropriate, accurate, and conservative methodologies that account for all GHG emissions sources, GHG sinks, and GHG reservoirs within the offset project boundary and account for uncertainty and the potential for activity- shifting leakage and market-shifting leakage.

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Real Estate Taxes means all taxes and assessments (special or otherwise) levied or assessed against the Real Estate (including land, buildings, and improvements) to the extent the same are due and payable during each calendar year of the Term. Notwithstanding the foregoing, regardless of Tenant’s exempt status as a Political Subdivision, Tenant shall also be responsible for its Proportionate Share (as an Operating Cost) of all personal property taxes of Landlord relating to Landlord’s personal property located on the Real Estate and used exclusively in connection with the operation and maintenance thereof; any tax or excise on rents, gross receipts tax, or tax or levy in respect to the Minimum Monthly Rental, Additional Rent, or other charges reserved under this Lease or as a result of Landlord’s receipt of such rents or other charges accruing under this Lease; general and special, ordinary and extraordinary, foreseen as well as unforeseen, of any kind and nature whatsoever, or any other tax, however described, which is levied or assessed by the United States of America or the state in which the Real Estate is located or any city, municipality, or political subdivision thereof or authority or any other taxing authority having jurisdiction over the Real Estate (including expenses directly incurred by Landlord in contesting the validity of, in seeking a reduction in, or in seeking to prevent an increase in any such tax(es) or assessment(s)) (“Other Taxes,” and collectively with Real Estate Taxes, “Taxes”), but excluding any net income, franchise, capital stock, estate or inheritance taxes, transfer or mortgage taxes or similar stamp taxes, impact or use fees which are a part of the initial construction of the Building, taxes based on Landlord's income or receipts as a whole rather than those imposed solely on rents from the Real Estate, similar taxes personal in nature to Landlord, against Landlord, or all or any part of the Real Estate, and all fines, interest and penalties incurred by Landlord unless the cause of the same was the failure of Tenant to pay its share of Taxes as provided herein. Landlord shall pay, before the final respective due dates on which the Taxes may be paid so that the lowest amount of Taxes would be due and no interest, fee or penalty would be due.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Permitted Real Estate Encumbrances shall have the meaning set forth in Section 2(i), above.

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Owned Real Property means all land, together with all buildings, structures, improvements and fixtures located thereon, and all easements and other rights and interests appurtenant thereto, owned by the Company or any of its Subsidiaries.

  • UNIMPROVED REAL PROPERTY means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Mortgaged Real Property means any parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties (including the Borrowing Base Properties) owned or leased by the Consolidated Parties at such time.

  • Leased Real Estate means all real property that the Company or any of its Subsidiaries leases, subleases or otherwise uses or occupies, or has the right to use or occupy, pursuant to a Lease.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Base Real Estate Taxes shall be as defined in the Preamble.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Material Real Estate Asset means (i) (a) any fee-owned Real Estate Asset having a fair market value in excess of $250,000 as of the date of the acquisition thereof and (b) all Leasehold Properties other than those with respect to which the aggregate payments under the remaining term of the lease are less than $750,000 or (ii) any Real Estate Asset that the Requisite Lenders have determined is material to the business, operations, properties, assets, condition (financial or otherwise) or prospects of Borrower or any Subsidiary of the Borrower.

  • Material Leased Real Property means any (i) Mine or other real property, in each case, subject to a lease with a Loan Party, as lessee, with annual minimum royalties, rents or any similar payment obligations, in excess of $500,000 in the most recently ended fiscal year and (ii) Material Prep Plants.

  • Company Real Property has the meaning set forth in Section 4.14(a).

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.

  • 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.

  • Real Property Tax means: (i) any fee, license fee, license tax, business license fee, commercial rental tax, levy, charge, assessment, penalty or tax imposed by any taxing authority against the Property; (ii) any tax on the Landlord's right to receive, or the receipt of, rent or income from the Property or against Landlord's business of leasing the Property; (iii) any tax or charge for fire protection, streets, sidewalks, road maintenance, refuse or other services provided to the Property by any governmental agency; (iv) any tax imposed upon this transaction or based upon a re-assessment of the Property due to a change of ownership, as defined by applicable law, or other transfer of all or part of Landlord's interest in the Property; and (v) any charge or fee replacing any tax previously included within the definition of real property tax. "Real property tax" does not, however, include Landlord's federal or state income, franchise, inheritance or estate taxes.

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.