Multifamily Residential definition

Multifamily Residential means a classification of housing where multiple separate housing units for residential inhabitants are contained within one building, such as a duplex or apartment building.

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Multifamily Residential means housing for three or more attached dwelling units in a single building.

Multifamily Residential means the use or development of a site for three or more dwelling units within one or more buildings, including a residential condominium;

Examples of Multifamily Residential in a sentence

• Subject to the terms and conditions of this Article, the Borrower shall have the right, from time to time during the Term of this Agreement, to add Multifamily Residential Properties to the Collateral Pool in accordance with the provisions of this Article.

• Borrower owns one (1) or more Multifamily Residential Properties (unless otherwise defined or the context clearly indicates otherwise, capitalized terms shall have the meanings ascribed to such terms in Appendix I of this Agreement) as more particularly described in Exhibit A to this Agreement.

• Upon written pre-approval of the Lender, exceptions may be made where the Board of Directors of the REIT determines, in good faith, that a special dividend must be paid to avoid taxes due to excess gains from the sale of Multifamily Residential Properties.

• Borrower hereby requests that the Multifamily Residential Property described in this Request be added to the Collateral Pool in connection with a substitution of Collateral in accordance with the terms of the Master Agreement.

• In performing a Valuation of a Multifamily Residential Property to be added to the Collateral Pool, the Lender shall be entitled to obtain an Appraisal.

More Definitions of Multifamily Residential

Multifamily Residential means the residential classification with more than one living unit served by a single water meter, and shall include all residential accounts other than single-family residential.

Multifamily Residential. A building containing three or more living units. Any living unit which is altered for the purpose of creating additional or separate living units shall be construed to be a multifamily dwelling.

Multifamily Residential means a building designed and intended for occupancy by two or more families living independent of each other, each in a separate dwelling unit, which may be owned individually or by a single landlord (e.g., duplex, triplex, quadplex, apartment, apartment house, condominium). Also includes senior housing.

Multifamily Residential means each unit, space, apartment or lot available for rent or lease within a multiple dwelling unit, including group, convalescent home, mobile or manufactured home parks and condominiums. Multifamily residential units do not include hotels, motels, rooming houses, or recreational vehicle parks, each of which is included within the “commercial/business” definition above.

Multifamily Residential means attached Residential Units, other than Townhomes.

Multifamily Residential means the use or development of a site for three or more dwelling

Multifamily Residential means two (2) or more attached residential units. Landscape areas for multiple detached units on one (1) parcel will be considered single-family units for the purposes of this chapter.