Residential real property definition

Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.
Residential real property means real property improved with not less than one nor more than four residential dwelling units: units in residential cooperatives; or, condominium units including the limited common elements allocated to the exclusive use thereof that form an integral part of the condominium unit. The term includes a manufactured home as defined in subdivision (53) of Section 9-102 of the Uniform Commercial Code that is real property as defined in the Conveyance and Encumbrance of Manufactured Homes as Real Property and Severance Act.
Residential real property means a one-to-four-family dwelling occupied as a residence by a mortgagor.

Examples of Residential real property in a sentence

Information provided to the predatory lending database created pursuant to Article 3 of the Residential Real Property Disclosure Act, except to the extent authorized under that Article.

Taking any action to evict or foreclose on any Consumer occupying a Residential Real Property or suggesting, requesting or pressuring any Consumer occupying a Residential Real Property to give up his or her rights to or residency at a Residential Real Property.

If a Consumer rejects the Defendants’ Offer, Defendants will then void and terminate the applicable Residential Property Agreement for the Residential Real Property of such Consumer and provide notice thereof, as well as notice of the 90 days to vacate, to the Consumer.

Subject to paragraph 30, below, Defendants must sell or otherwise transfer any Residential Real Property that is not subject to a Residential Property Agreement with a Consumer within one year of the Effective Date.


More Definitions of Residential real property

Residential real property means real property, including vacant land, occupied by, or intended to be occupied by, in the aggregate, one to four families as their residence.
Residential real property means a single platted lot of land improved with a one-to-four family residence.
Residential real property means real estate improved or to be improved by a structure or structures designed pri- marily for dwelling, as opposed to com- mercial use.
Residential real property means real property classified as residential real property under section 34c.
Residential real property means property occupied as, or intended to be occupied as, a single-family residence, including a unit in a common interest community as defined in section 515B.1-103, clause (10), regardless of whether the unit is in a common interest community not subject to chapter 515B.
Residential real property means a building
Residential real property means any real property, the use of which is limited by law, covenant or otherwise to primarily residential or recreational purposes.