Land Speculation definition
Land Speculation means the practice of acquiring either (i) unimproved real property and reselling such real property without adding value by development of such real Amended and Restated Loan Agreement – ▇▇▇▇▇▇▇ ▇▇▇▇ Homes, Inc. property, or (ii) real property for which a tentative tract map or the equivalent of a tentative tract map has not been obtained or which is not substantially entitled for the development of a residential project.
Land Speculation means the practice of acquiring either (i) unimproved real property and reselling such real property without adding value by development of such real property, or (ii) real property for which a plat has not been obtained or which is not substantially entitled for the development of a residential project.
Examples of Land Speculation in a sentence
Permit the use of Loan proceeds for Land Banking or Land Speculation.
Permit the use of proceeds of the Project Loans or the Borrowing Base Loan for Land Banking or Land Speculation.
The Borrower will not use the proceeds of the Loan for Land Banking or Land Speculation.