residential land definition

residential land means land used or capable of being used for residential purposes (but does not include land on which there is no residential dwelling).

residential land means land owned by the Borrower or a Subsidiary Guarantor, which land is being developed for residential purposes or is held for future development or sale for residential purposes. “Residential Land” shall include all Land Held for Development, Lots Under Development and Finished Lots.

residential land shall include all Land Held for Development, Lots Under Development and Finished Lots.

Examples of residential land in a sentence

• None of the Undeveloped Residential Land or the Undeveloped Commercial Land is subject to any material agreement restricting or limiting its development except as set forth on Schedule 6.27.

• The provision for non-recurring costs, which is included in Provisions for Losses on the Consolidated Statement of Operations, represents the Company's $8.2 million write-down of certain Communities Division and Residential Land Division properties in the first quarter of fiscal 1997.

• The Residential Land shall not include any of the Common Area Land.

• Collectively, the Developed Residential Land and the Undeveloped Residential Land.

• Improvements to the Commercial Land or Residential Land, as applicable (which may include improvements to be used for multifamily rental housing), which are intended to be income-producing operating properties upon completion, rising vertically from such land together with any site work and grading performed on the Commercial Land or Residential Land, as applicable, in connection therewith.

More Definitions of residential land

residential land means land with an average of one or more residences per 5 acres.

residential land means any land which consists of or includes a dwelling.

residential land means any lot, plot, tract, area, piece or parcel of land including any building used exclusively or intended to be used for family dwelling or concomitant uses specified herein;

residential land means land where there is at least one dwelling, or vacant land on which less than 10 dwellings could reasonably be built. It does not include land used wholly and exclusively for a primary production business, or on which the only dwellings are commercial residential premises (for more information, see Guidance Note 1).

residential land. ’ means land included by a planning authority in its development plan or local area plan in accordance with section 10(2)(a) of the Act of 2000 with the objective of zoning for use solely or primarily for residential purposes, and includes any structures on such land.

residential land means any lot, plot, tract, area, piece or parcel of land including any building used exclusively or intended to be used as a dwelling unit; and

residential land means tracts employed for single and multiple-family housing, mobile home parks, and other residential lodgings.