Proprietary Lease definition

Proprietary Lease. With respect to any Cooperative Unit, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Cooperative Shares.
Proprietary Lease. The lease on a Cooperative Unit evidencing the possessory interest of the owner of the Cooperative Shares in such Cooperative Unit.
Proprietary Lease. With respect to a Cooperative Loan, a lease on a Cooperative Apartment evidencing the possessory interest of the Mortgagor in such Cooperative Apartment.

Examples of Proprietary Lease in a sentence

  • Proprietary lease" means an agreement with a cooperative affordable housing corporation governing a member's right to occupancy under which a member has an exclusive possessory interest in a unit.[PL 1993, c.


More Definitions of Proprietary Lease

Proprietary Lease means an agreement with the association pursuant to which a member is entitled to exclusive possession of a unit in a cooperative.
Proprietary Lease means a lease on (or occupancy agreement with respect to) a Cooperative Unit evidencing the possessory interest of the owner of the Cooperative Shares or the Seller in such Cooperative Unit.
Proprietary Lease means the lease on a Cooperative Unit evidencing the possessory interest of the owner of the Cooperative Shares in such Cooperative Unit.
Proprietary Lease. The lease on a co-op unit evidencing the possessory interest of the owner of the Co-op Shares in such co-op unit.
Proprietary Lease. With respect to any Cooperative Unit, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Coop Shares. Prospectus: The Prospectus dated November 14, 2006 generally relating to mortgage pass-through certificates to be sold by the Depositor.
Proprietary Lease means the lease on a Co-op Unit evidencing the possessory interest of the owner in the Co-op Shares in such Co-op Unit.
Proprietary Lease. With respect to any Cooperative Unit, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Coop Shares. Purchase Price: $352,689,804.81 Purchaser: First Horizon Asset Securities Inc., in its capacity as purchaser of the Mortgage Loans from the Seller pursuant to this Agreement.