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.
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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.
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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.

Related to Land Speculation

  • Plant Site (Works, Factory) means the local integration of one or more plants, with any intermediate administrative levels, which are under one operational control, and includes common infrastructure, such as:

  • Project site, where applicable, means the place indicated in bidding documents.

  • Construction Contractor means a person who undertakes to or offers to undertake to, or purports to have the capacity to undertake to, or submits a bid to, or does himself or by or through others, construct, alter, repair, add to, subtract from, improve, move, wreck, or demolish any building, highway, road, railroad, excavation, or other structure, project, development, or improvement to real property, or to do any part thereof. "Construction contractor" includes subcontractors, specialty contractors, prime contractors, and any person receiving consideration for the general supervision and/or coordination of such a construction project except for remediation contracting. This definition shall govern without regard to whether or not the construction contractor is acting in fulfillment of a contract.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • farm building means that part of a bona fide farming operation encompassing barns, silos and other ancillary development to an agricultural use, but excluding a residential use;