Property Category definition

Property Category means each of Land Held for Development, Commercial Land, Lots Under Development, Finished Lots, Model Housing Units, Presold Housing Units and Speculative Housing Units.
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Examples of Property Category in a sentence

  • Schedule 7.1(f) is, as of the Cutoff Date, a complete and correct listing of all Properties of the Borrower, each other Loan Party and each other Subsidiary, setting forth, for each such Property, its Property Category.

  • The Contractor shall perform assessments within maneuver and training areas and on maneuver and training area land features that do not have facilities Guide to Real Property Category Codes (CATCD) (assessment areas mirror LRAM project areas identified in paragraph 1.3.1).

  • Formula: Total value of Supplementary Assessment Change and Omitted Assessment Change for each Property Category within the calendar year approved in MPAC’s systems within one year following the date each property becomes occupied ÷ Total value of Supplementary Assessment Change and the Omitted Assessment Change for that same Property Category within the calendar year, expressed as a percentage.

  • For each Property Category, MPAC will track the period of time it takes from when the property commences to be used until the Supplementary Assessment Change and the related Omitted Assessment Change is entered into and approved in MPAC’s systems.

  • For each Property Category, MPAC will measure the Supplementary Assessment Change and the related Omitted Assessment Change attributable to properties that commence to be used that are entered and approved in MPAC’s systems.

  • New Assessment Forecast MPAC’s forecasted increase to the assessed value of each Property Category during a calendar year that directly results from either: (i) Building Permits issued in respect of such Property Categories during such calendar year; or (ii) the Municipality notifying MPAC of new construction, alterations or additions to properties owned by the Province of Ontario or the Government of Canada.

  • Preliminary New Assessment Forecast MPAC’s forecasted increase to the assessed value of each Property Category during the immediately subsequent calendar year, based on: (i) Building Permits; (ii) notifications from the Municipality in respect of new construction, alterations or additions to properties owned by the Province of Ontario or the Government of Canada; and (iii) other historical data and information that MPAC previously received in respect of each such Property Category.

  • Property Category All properties located in the Province of Ontario that MPAC classifies as: (i) residential; (ii) residential condominium; (iii) commercial and industrial; or (iv) new registered plans of subdivision; or (v) properties owned by the Province of Ontario or the Government of Canada.

  • Appraisal - Special Project Report Format: Appraisal Report TXGLO Desired Delivery Date: Property Location: ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ Type of Property: -- Select a Category --, -- Must Select Property Category First -- Legal Description: ▇.▇.