Suitable property definition

Suitable property means a property that will meet the housing need of the applicant’s household and it will be the Council’s determination of suitability.
Suitable property means that HUD has determined that a particular property satisfies the criteria listed in § 581.
Suitable property means properties which consist of (x) developed commercial real estate properties (i) where at least eight-five (85%) percent of the net rentable area is allocated for office use, (ii) that have leases in place for at least eighty-five (85%) percent of the net rentable area of the building, and (iii) with leases that have, in the aggregate, a weighted average (based on square footage) of at least three (3) years remaining at the time of acquisition, or (y) any underdeveloped or unimproved real property that is contiguous to a property owned by the REIT.

Examples of Suitable property in a sentence

  • An applicant who is a member of a socially disadvantaged group Suitable property.

  • For Rural Development Loan Fund and Inter- mediary Relending Program loans, the servicing official is the Director, Busi- Suitable property.


More Definitions of Suitable property

Suitable property means that HUD has determined that a particular property satisfies the criteria listed in 102-75.1185.
Suitable property would include the Company's Kingsville Dome property with respect to which the Company currently has the leasehold and other rights to operate and from which the Company has produced significant amounts of uranium but which requires significant drilling of delineation, injector and extraction well▇ ▇▇▇ore commercial production can be commenced."
Suitable property means a hotel property in close proximity to a railroad, airport, highway interchange or other transportation hub providing select and limited service lodging to need-based corporate, transient, crew and contractual customers;
Suitable property means that HUD has determined that a particular property satisfies the criteria listed in