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

• At Our option, We will settle claims under this Additional Benefit directly with the You or any Lot Owner.

• 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 amount We pay will be reduced by a bond or deposit that the Lot Owner is entitled to receive or retain from the tenant.

• Where a Lot that is destroyed or damaged due to the Catastrophe is occupied as a residence by the Lot Owner, We will pay for the Cost of Evacuation necessarily incurred by the Lot Owner, or any person permanently residing with the Lot Owner immediately prior to the happening of the Catastrophe, following an order for evacuation issued by a public or statutory authority, entity or person empowered by law to issue such an order due to the happening of the Catastrophe.

• Loss of Rent incurred by the Lot Owner in accordance with clause b)i).

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 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 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.

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

Lot Owner means the owner of any Lot.