Housing Unit definition

Housing Unit means a single-family dwelling (where construction has commenced), whether detached or attached (including condominiums but excluding mobile homes), including the parcel of land on which such dwelling is located, that is or will be available for sale by the Borrower or a Guarantor. The construction of a Housing Unit shall be deemed to have commenced upon commencement of the trenching for the foundation of the Housing Unit. Each “Housing Unit” is either a Presold Unit, a Spec Unit or a Model Unit.
Housing Unit means a detached or attached (including townhouse condominium or condominium) single-family house (but excluding mobile homes) owned by the Restricted Parent or a Subsidiary of the Restricted Parent (i) which is completed or for which there has been a start of construction and (ii) which has been or is being constructed on any real estate which immediately prior to the start of construction constituted a Lot.
Housing Unit is either a Presold Unit, a Spec Unit or a Model Unit.

Examples of Housing Unit in a sentence

  • Housing unit occupancy status - the identification of every housing unit in a census or a survey as occupied or vacant - is the most basic characteristic of the housing inventory.


More Definitions of Housing Unit

Housing Unit means living accommodations that are intended for occupancy by up to 4 families, with a separate dwelling unit for each family, that may be site constructed or may be a mobile home or other form of manufactured housing, and with respect to which either of the following applies:
Housing Unit means a house, an apartment, a mobile home, a
Housing Unit means a house, an apartment or a mobile home, or a group of rooms or a
Housing Unit means a house, an apartment, a mobile home, a group of rooms, or a single room that is occupied as separate living quarters, in which the occupants live and eat separately from any other persons in the building and which have direct access from the outside of the building or through a common hall.
Housing Unit means a detention area. This area may be a single occupancy cell, multiple occupancy cell, cellblock, or dormitory.
Housing Unit means housing accommodation intended for individual or family use;
Housing Unit means one house, or one multi-family rental unit.