Passive Real Estate Ownership means ownership of real estate for the purpose of deriving income from speculation, trade or rental, but does not include any of the following:
Passive Real Estate Ownership means ownership of real estate for the purpose of deriving income from speculation, trade or rental, except that such term shall not include: (a) the ownership of that portion of real estate being used or intended to be used for the operation of the business of the owner of the real estate; or (b) ownership of real estate for the purpose of construction or renovation, until the completion of the construction or renovation phase.
Passive Real Estate Ownership means the ownership of real estate for the sole purpose of deriving income from it by speculation, trade, or rental.
More Definitions of Passive Real Estate Ownership
Passive Real Estate Ownership means the ownership of 56
Passive Real Estate Ownership means ownership of real estate for the purpose of deriving income from speculation, trade, or rental, but does not include any of the following: (1) The ownership of that portion of real estate being used or intended to be used for the operation of the business of the owner of the real estate. (2) The ownership of real estate for the purpose of construction or renovation, until the completion of the construction or renovation phase.
Passive Real Estate Ownership means the ownership of 53
Passive Real Estate Ownership means ownership of real estate for the purpose of deriving
Passive Real Estate Ownership means ownership of real
Passive Real Estate Ownership means the ownership of 51
Passive Real Estate Ownership means the ownership of 40