Unit conveyance definition
Unit conveyance means a condominium unit deed conveying a unit in the Project, together with the common interest appurtenant thereto, to a purchaser thereof.
Unit conveyance means a condominium unit deed conveying a unit in the Project, together with the common interest appurtenant thereto, to a unit owner.
Examples of Unit conveyance in a sentence
Such meeting is to be held (a) in Developer's sole discretion after fifty percent (50%) of the Units that may be created are sold, or (b) mandatorily within (i) fifty-four (54) months from the date of the first Unit conveyance, or (ii) one hundred twenty (120) days after seventy-five percent (75%) of all Units that may be created are sold, whichever first occurs.
Upon request, Authority shall provide Jurisdiction, BMR Program participants, and lenders with information concerning procedures and/or restrictions regarding BMR Unit conveyance, refinancing, and determination of affordability and capital improvements.