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

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.

Examples of Lot Owner in a sentence

• Where the Lot is leased out or would have been leased out, the Loss of Rent incurred by the Lot Owner if the Lot or Common Area is made unfit to be occupied for its intended purpose.

• The Board, or its duly authorized representative, shall conduct a hearing with the Lot Owner seeking such variance and any Lot Owners adjacent or contiguous to such Lot, in order to consider any objections, concerns or comments regarding such variance, except that the decision to grant a variance is to be determined solely by the Board.

• Any person, other than the Lot Owner, who has a right to reside at any Lot in the Subdivision.

• Notwithstanding anything contained in these Deed Restrictions to the contrary, as long as the Lot Owner or Resident, reside upon the Lot, Lot Owners and Residents, are not prohibited from leasing or subleasing, for Single Family residential purposes, a room or portion of the Dwelling or Secondary Quarters on such Lot to a person related to the Lot Owner or Resident by blood, marriage, or adoption.

• No Lot Owner shall be permitted to lease their Lot for hotel or transient purposes, which for purposes of this Section is defined as a period of less than ninety (90) days.

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

Lot Owner or “Owner” shall mean 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 a person appearing as an owner of a lot in the

Lot Owner means the Person or Persons whose estates or interests, individually or collectively, aggregate fee simple absolute ownership of a Single Family Lot.

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.