Land Condominium definition
Examples of Land Condominium in a sentence
The Subdivision Deed also created ▇▇▇ ▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, which has been subjected to a Declaration of Condominium for Columbia Hills Land Condominium, recorded concurrently herewith, creating Land Unit A, Columbia Hills Land Condominium (“Land Unit A”) and Land Unit B, Columbia Hills Land Condominium (“Land Unit B”).
THIS VACANT LAND CONDOMINIUM AGREEMENT made this _ day of November ▇▇▇▇ ▇ ▇ ▇ ▇ ▇ ▇ ▇: Municipality of Middlesex Centre and the County of Middlesex (hereinafter referred to as the “Developer”) (hereinafter referred to as the “Municipality”) To facilitate registration of the Vacant Land Condominium Agreement to which this is attached, including all other Schedules attached to such Development Agreement, the following photo reduced copies of the Servicing Plans are provided in this Development Agreement.
Re: Vacant Land Condominium Agreement (the “Vacant Land Condominium Agreement”) between Design For Happiness (DFH) Inc.
Within thirty (30) days after the subdivision of the Parking Garage Unit into two (2) separate Land Condominium Units, this Lease shall be amended to include (i) the Private Parking Unit and (ii) any Excess Spaces (if applicable), as a portion of the Leased Premises and as a permitted use hereunder.
Not later than thirty (30) days after this Amending Agreement has been executed and delivered by the Municipality, the Developer shall cause to be delivered to the Municipality an opinion by a solicitor authorized to practice in Ontario, substantially in the form of Schedule ‘H” attached to the Vacant Land Condominium Agreement.
Tenant shall further pay, as an Additional Rent, all annual assessments or charges levied by the Lot 5 Land Condominium Owner’s Association, Inc., its successors and assigns (the “Association”), all special assessments for capital improvements levied by the Association, and all additional assessments levied by the Association with respect to the Building Unit and after it becomes a portion of the Leased Premises, the Private Parking Unit.
The Land Condominium Declaration creates three separate condominium units: the Building Unit which constitutes the Leased Premises hereunder, the Public Space Unit owned by Landlord and the Parking Garage Unit, initially owned by Landlord.
Notwithstanding anything to the contrary contained in the Land Condominium REA, Land Condo Costs applicable to all or any portion of the Property shall be shared by the Parties as follows: Development – 95.50%; Open Space – 0%; and Hotel – 4.50%.
If Tenant pays the Base Rent and Additional Rent (collectively referred to herein as the “Rent”) and complies with all other terms of this Lease and the Land Condominium Declaration, Tenant or its subtenant(s) may occupy and enjoy the Property for the full Lease Term without molestation or disturbance by or from Landlord or anyone claiming by or through Landlord or having title to the Leased Premises paramount to Landlord, and free of any encumbrance created or suffered by Landlord.
Lot 2 was subjected to a condominium regime by virtue of a Declaration of Condominium for Columbia Hills Land Condominium (the “Condominium”) recorded as Instrument #20160100010429 among the Land Records (the “Declaration”).