Subdivided Property definition
Examples of Subdivided Property in a sentence
All of the covenants, restrictions, conditions and equitable servitudes shall run with the Subdivided Property and shall be binding on all parties having or acquiring any right, title or interest in said property or any part thereof, and shall be for the benefit of each owner of any portion of said property, or any interest therein, and the mortgagees of any owner, and shall inure to the benefit of and be binding upon each successor in interest of the owners thereof.
The provisions of this declaration shall be liberally construed to effectuate their purpose of creating a uniform plan for the subdivision and improvement of the Subdivided Property.
Landlord may subdivide (the “Subdivision”) Parcel 3 so that it will consist of two lots that may be legally conveyed in accordance with California’s Subdivision Map Act as follows: (a) the portion of Parcel 3 on which the Expansion Building is located, and to be more particularly defined by Landlord in connection with the Subdivision (the “Subdivided Property”), and (b) the portion of Parcel 3 excluding the Subdivided Property.
Grantor has undertaken or will undertake the work of constructing residences and incidental improvements upon Lots located upon the Subdivided Property.