Major renovation definition

Major renovation means the renovation of a building where:

Major renovation means a renovation project associated with a valid building permit application filed on or after the Effective Date of this chapter that:

Major renovation means the remodeling or alteration of buildings and other structures within the framework of an existing building or structure and the alteration of existing highways and roads, the contract price of which exceeds $50,000.

Examples of Major renovation in a sentence

• Major renovation and replacement of facilities and systems where periodical repairs are no longer economical or extend the useful life of the facility or system beyond its original planned useful life.

• Major renovation also means extensive alteration of an existing facility, such as to significantly change its function and purpose, even if such renovation does not include any structural change to the facility.

• Repairs and maintenance - Major renovation works(1)The forecasts by building include both the repairs and maintenance costs, which are entered under operating costs, and major renovation costs, which are capitalised and met from self-financing and borrowing.

• Major renovation means a structural change to the foundation, roof, floor, or exterior or load- bearing walls of a facility, or extension of an existing facility to increase its floor area.

• Major renovation and replacement shall include, but shall not be limited to, roofing, heating and ventilating sys- tems, floor covering, and electrical systems.

More Definitions of Major renovation

Major renovation means the renovation of a building where more than 25% of the surface area of the building envelope undergoes renovation;

Major renovation means, with respect to any Real Estate Asset, any construction or renovation project that during any 90 consecutive day period renders more than 20% of the same rooms in such Real Estate Asset out of service during such period.

Major renovation means a renovation project:

Major renovation means any instance where the cost of renovation is equal to or exceeds fifty (50%) percent of the after-renovation appraised value of the building as determined by a certified, independent appraiser.

Major renovation means a physical change to a lodging establishment or portion thereof, including the replacement or upgrading of major systems, which extends the useful life. Examples include, but are not limited to, demolition of the interior or exterior of a building or portion thereof, including the removal and subsequent replacement of electrical, plumbing, heating, ventilating and air conditioning systems, fixed equipment and interior walls and partitions (whether fixed or moveable). Replacement of broken, dated or worn equipment/items, including but not limited to, individual air conditioning units, bathroom tile, shower stalls that do not require any additional or new plumbing, electrical, etc. shall not be considered a major renovation.

Major renovation means a substantial addition to an existing building, or a substantial change to the interior configuration or the energy system of an existing building.

Major renovation. : means the renovation of a building where