Lot Type definition

Lot Type means a classification of final building Lots with similar characteristics (e.g. commercial, light industrial, multi-family, single-family residential, etc.), as determined by the Administrator and confirmed and approved by the City Council. In the case of single-family residential Lots, the Lot Type shall be further defined by classifying the residential Lots by the Estimated Buildout Value of the Lot as determined by the Administrator and confirmed and approved by the City Council.

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Lot Type means a classification of final building lots with similar characteristics (e.g. commercial, light industrial, multifamily residential, single family residential, etc.), as determined by the Administrator and confirmed by the City Council. In the case of single family residential lots, the Lot Type shall be further defined by classifying the residential lots by the estimated final average home value for each lot as of the date of the recorded subdivision plat, considering factors such as density, lot size, proximity to amenities, view premiums, location, and any other factors that may impact the average home value on the lot, as determined by the Administrator and confirmed by the City Council.

Lot Type means a specific set of requirements establishing the parameters of development for each lot.

Examples of Lot Type in a sentence

A Lot shall be deemed to be acquired "out of order" if Optionee has not previously closed the acquisition of seventy-five percent (75%) of the "Eligible Lots" (as such term is defined on Exhibit "B") of the same Lot Type in the immediately prior Purchase Segment for such Lot Type within such Project and all of the "Eligible Lots" of the same Lot Type (as such term is defined on Exhibit "B") in all other prior Purchase Segments for such Lot Type within such Project.
The parties anticipate that each Purchase Segment will include between fifty (50) and eighty (80) Lots of the same Lot Type and the Lots therein shall generally be contiguous to each other.
MEMORANDUM: - At the sale by Public Auction this 20th day of March 2025, of the property comprised in the foregoing particulars that is to say the rights, title, interest and benefits in relation to the property identified as as Lot No. 221, Lot Type: Corner Lot, Type B, Seri Pristana Phase Mastana 3C and bearing postal address at ▇▇.
At the sale by Public Auction this 28th day of May, 2024 of the property comprised in the foregoing particulars that is to say the rights, title, interest and benefits in relation to the property identified as Developer’s Parcel Lot 310 (Bumiputra Lot) Type A, Phase 5A, Stage 5, Bandar Sri Indah Tawau, Mile 10, Jalan Apas, 91000 Tawau, Sabah and bearing postal address TB ▇▇▇▇▇, ▇▇▇ ▇▇.
At the sale by Public Auction this 25th day of July, 2024 of the property comprised in the foregoing particulars that is to say the rights, title, interest and benefits in relation to the property identified as Developer’s Parcel Lot 310 (Bumiputra Lot) Type A, Phase 5A, Stage 5, Bandar Sri Indah Tawau, Mile 10, Jalan Apas, 91000 Tawau, Sabah and bearing postal address TB ▇▇▇▇▇, ▇▇▇ ▇▇.

More Definitions of Lot Type

Lot Type means a classification of final building Lots with similar characteristics (e.g. lot size, home product, buildout value, etc.), as determined by the Administrator and confirmed by the Town Council. In the case of single‐family residential Lots, the Lot Type shall be further defined by classifying the residential Lots by the estimated buildout value of the Lot as determined by the Administrator and confirmed by the Town Council.

Lot Type means the classification applicable to each prospective or actual single family lot and multi- family property as determined by the Administrator and confirmed by the City Council. The Property will be comprised of Lot Type 50 Lots, Lot Type 60 Lots, Lot Type 75 Lots, Lot Type 100 Lots, and Multi-Family Lots.

Lot Type means a classification of final building Lots with similar characteristics (e.g. general retail, light industrial, multi-family, single family residential, etc.), as determined by the Administrator and confirmed and approved by the City Council.

Lot Type means a classification of final building Lots with similar characteristics (e.g., commercial, light industrial, multifamily residential, single family residential or other uses), as determined by the Administrator and confirmed by the City Council. Single family residential Lots shall be further classified based on the front footage of the Lot as determined by the Administrator and confirmed by the City Council. Improvement Area #1 will have five lot types classified as 35 foot, 50 foot, 60 foot , 70 and 100 foot front footage lots.

Lot Type means a classification of final building Lots with similar characteristics (e.g., commercial, light industrial, multifamily residential, single family residential or other uses), as determined by the Administrator and confirmed by the City Council. Single family residential Lots shall be further classified based on the front footage of the Lot as determined by the Administrator and confirmed by the City Council. Improvement Area #1 has lot types classified as 35 ft, 50 ft, 60 ft, 70 ft, and 100 ft front footage lots. Improvement Area #2 will have six lot types classified as Townhome, Garden Home, and 35 ft, 50 ft, 60 ft, and 70ft front footage lots.

Lot Type means a classification of final building Lots with similar characteristics (e.g., commercial, light industrial, multifamily residential, single family residential or other uses), as determined or approved by the Administrator and confirmed by the City Council. Single family residential Lots shall be classified as Lot Type 26’, Lot Type 41’, or Lot Type 50’/Condo as determined from the final subdivision plat/lotting plan by the Administrator and confirmed by City Council.