Lot Owner definition

Lot Owner means a declarant or other person who owns a lot, or a lessee of a lot in a leasehold planned community whose lease expires simultaneously with any lease the expiration or termination of which will remove the lot from the planned community, but does not include a person having an interest in a lot solely as security for an obligation.

Lot Owner means one or more persons who own a lot, including any purchaser of a lot at a foreclosure sale, regardless of whether the deed is recorded in the land records where the lot is located. "Lot owner" does not include any person holding an interest in a lot solely as security for a debt.

Lot Owner means one or more persons who own a lot, including any purchaser of a lot at a

Examples of Lot Owner in a sentence

• At such time as Declarant sells a Lot, the responsibility for the payment of the aforementioned costs shall be reapportioned so that each Lot Owner shall be responsible for ½ of the total cost, and the Declarant shall be responsible for the balance of the total cost.

• If the Lot Owners are unable to agree on what constitutes necessary repair or maintenance, then they shall submit the dispute to mediation with a qualified mediator to be selected by the Lot Owners before either Lot Owner may seek the assistance of the Circuit Court of Dorchester County as provided in Paragraph 8 below.

• Failure of any Lot Owner to enforce or utilize any available remedy herein described shall not constitute a waiver by that owner of any right available to the Lot Owner upon future occurrence or continuance of the same or a different violation.

• At commencement of service, the current Lot Owner must enter into a Single-Family Residential Water Supply Contract with RWSL and pay for water based on the current price schedule whether the water is being used or not.

• Any cause of action to enforce this Declaration initiated by a Lot Owner shall be brought in the Circuit Court for Dorchester County.

More Definitions of Lot Owner

Lot Owner means any person, persons, or other entity registered, from time to time, as a proprietor or owner of an estate at the Situation in terms of the Strata Schemes Management Act, Strata Titles Act, Community Titles Act or similar legislation applying where the Equipment is located.

Lot Owner means any person, persons, or other entity registered, from time to time, as a proprietor or

Lot Owner means a person appearing as an owner of a lot in the

Lot Owner or “Owner” shall mean each person or entity who is a recorded Owner of a fee or undivided fee interest in any Lot located within the Property; provided, however, that in the event of the recording of a contract for the sale of a Lot, the contract purchaser shall be deemed the Lot Owner; and provided further that in the event a fee interest of record in hold merely for the security of the performance of an obligation, then the obligor in possession shall be deemed the Lot Owner.

Lot Owner means the record owner, whether one or more persons or entities, of fee simple title to any Lot, including contract sellers, but excluding those having such interest merely as security for the performance of an obligation. Unless specifically provided otherwise herein, Developer shall be deemed a Lot Owner so long as it is the legal titleholder of any Lot.

Lot Owner or “Owner” means the person, or legal entity, or the combination thereof, including contract sellers, holding the record fee simple or perpetually renewable leasehold title to a Lot in the Property, as the Lot is now or may from time to time hereafter be created or established. If more than one person, or other legal entity or any combination thereof, holds the record title to any Lot, all of them shall be deemed a single record owner and shall be a single member of the Association by virtue of their ownership of the Lot. The term “Lot Owner” or “Owner,” shall not mean any contract purchaser, nor shall it include any mortgagee or other person or legal entity holding an interest in a Lot as security for the performance of an obligation.

Lot Owner means and refer to the owner of record, whether one or more persons or entities, of the undivided ownership to any Lot or other property situated within the boundaries of the Property.