Leasing Cap definition
Leasing Cap means the maximum number of Lots which may be leased pursuant to a Leasing Permit or as a Grandfathered Lot at any given time. The Leasing Cap is 16 Lots. Hardship Leasing Permits are not counted towards the Leasing Cap.
Leasing Cap means the maximum total number of outstanding Leasing Permits plus Grandfathered Lots, but excluding Hardship Leasing Permits that are permitted. The Leasing Cap shall be twenty percent (20%) of the total number of Lots in ▇▇▇▇▇▇▇▇▇▇ Pointe.
Leasing Cap means the maximum total number of outstanding Leasing Permits, plus Grandfathered Lots and Hardship Leasing Permits, that are permitted before additional Leasing Permits may be issued hereunder. The Leasing Cap shall be 35 Lots.
Examples of Leasing Cap in a sentence
Owners who have been denied a Leasing Permit because the Leasing Cap is satisfied shall be placed on a waiting list to be issued such a Permit, if the Owner requests in writing, when the above conditions have been satisfied.
More Definitions of Leasing Cap
Leasing Cap means the maximum combined total number of outstanding Leasing Permits, Hardship Leasing Permits and Grandfathered Lots that are permitted before additional Leasing Permits may be issued hereunder. The Leasing Cap shall be 10% of the total Lots in the Community.