Original Property definition

Original Property means a building, structure, or other shelter constituting a place of abode, whether real property or personal property, that is owned and occupied by a claimant as his or her principal place of residence, and any land owned by the claimant on which the building, structure, or other shelter is situated. For purposes of this paragraph, land constituting a part of the original property includes only that area of reasonable size that is used as a site for a residence, and “land owned by the claimant” includes land for which the claimant either holds a leasehold interest described in subdivision (c) of Section 61 or a land purchase contract. Each unit of a multiunit dwelling shall be considered a separate original property. For purposes of this paragraph, “area of reasonable size that is used as a site for a residence” includes all land if any nonresidential uses of the property are only incidental to the use of the property as a residential site. For purposes of this paragraph, “land owned by the claimant” includes an ownership interest in a resident-owned mobilehome park that is assessed pursuant to subdivision (b) of Section 62.1.
Original Property means the property obtained through unlawful conduct or the tainted property, as the case may be; and
Original Property means a building, structure, or other

Examples of Original Property in a sentence

  • Subject Property Numeric – Integer 8 99 Always See Coding See Appendix F 127 Original Property Valuation Date Specifies the date on which the original property value (at the time of underwriting) was reported.

  • The General Partners shall make additional Capital Contributions after the transfer of the Original Property as provided in Article 8.

  • Provided, however, if the Title Defect cannot be cured, or if a portion of the Claim Proceeds remain after the Title Defect is cured, OWEB shall receive a percentage of the Claim Proceeds equal to the Funds divided by the Original Property Value.

  • OWEB shall receive a percentage of the proceeds resulting from the taking, with the percentage to be equal to the Funds divided by the Original Property Value.

  • Upon any transfer of the property and this Warranty, the obligations of the Original Property Owner(s) hereunder become the obligations of the new owner(s).


More Definitions of Original Property

Original Property means the properties set out in Part I of Schedule 8 (Properties).
Original Property means each property listed in Part 1 of Schedule 1 (Original Properties and Original Lenders) as more fully described in a Security Document and, where the context so requires, includes the buildings on that Original Property.
Original Property means the property Stockholm Uppfinnaren 1, located at Valhallavägen 136, Artillerigatan 64-66, Skeppargatan 65.
Original Property means any freehold or leasehold property specified in Part 1A of Schedule 1 (Security Assets).
Original Property is defined in Section 2.3(b)(vii).
Original Property means a building, structure, or other shelter constituting a place of abode, whether real property or personal property, that is owned and occupied by a claimant as his or her principal place of residence, and any land owned by the claimant