Residence requirement definition

Residence requirement means the minimum number of credit hours that a student must take in a particular semester or summer session in order to receive credit toward the J.D. for resident study at an approved law school.

Residence requirement means the requirement that an applicant for a first home owner grant must occupy the home to which the application relates as the applicant’s principal place of residence within 12 months after the completion of the eligible transaction or a longer period approved by the Commissioner (see section 12);

Residence requirement means the requirement that an applicant for a first home owner grant must satisfy under section 13;

Examples of Residence requirement in a sentence

• A Residence which is primarily intended to be used in a trade or business shall not satisfy the Residence Requirement.

• Further, a Residence used as an investment property or a recreational home does not satisfy the Residence Requirement.

• Any use of a Family Residence in a trade or business which qualifies under the Code for a deduction allowable for certain expenses incurred in connection with the business use of a home shall disqualify a Residence from meeting the Residence Requirement.

• No assumptions will be permitted without written approval of the Servicer and the Authority and then only if the Residence Requirement, the First Time Homebuyer Requirement, the Acquisition Cost Limitation, and the Income Requirement are met with respect to the assumption.

• A Residence more than 15% of the total area of which is reasonably expected to be used primarily in a trade or business does not satisfy the Residence Requirement.

More Definitions of Residence requirement

Residence requirement means the requirement that an applicant for a 18

Residence requirement has the meaning set forth in Section 4(a) below.