Vacant Property means, individually, and “Vacant Properties” means, collectively, the Properties listed on Schedule XI attached hereto which are not leased to or occupied by any Tenant as of the Cut-Off Date.
Examples of Vacant Property in a sentence
Ordinance 2020-29: An Ordinance Directing the Glendale Community Improvement Corporation to Sell Certain Vacant Property Lots, Transferring Said Properties to the Glendale Community Improvement Corporation, Reimbursing the Village of Glendale for Past Expenses, and Declaring an Emergency.
More Definitions of Vacant Property
Vacant Property. – means any land without any improvements thereon (empty stands), hotels, hostels, old-age homes and accommodation establishments, irrespective of their zoning or intended use, have been specifically excluded from this property category;
Vacant Property means residential, commercial, industrial, or mixed use real property that has not been lawfully occupied and maintained, actively marketed for rental, or under active construction for a continuous period of forty-five (45) days or more, or, notwithstanding the foregoing, any residential, commercial, or mixed use property in which more than half of the exterior windows or doors of a building are broken, boarded, or without a functioning locking mechanism.
Vacant Property means property on which no building exists or on which a building exists but any such building is no longer utilized for any business, commercial or residential purposes.
Vacant Property means any building to be used as a residence or for commercial or industrial purposes, which is unoccupied and lacks habitual presence of human beings for a period of six months or more. Property which is used on a seasonal basis shall not be deemed vacant for purposes of this Ordinance. Property determined to be “abandoned” under this Ordinance must be determined to be “vacant” for purposes of this Ordinance.
Vacant Property means any building to be used as a residence or for commercial or industrial purposes, which is not legally occupied or used for its accustomed and ordinary purpose for a period of six months or more. In the case of the use of residential property, “used for its accustomed and ordinary purpose” means as a place of abode. (Black’s Law Dictionary) Property which is used for the summer season (seasonal basis) as defined below, shall not be deemed vacant for purposes of this Ordinance. Property determined to be “abandoned” under this Ordinance must be determined to be “vacant” for purposes of this Ordinance. The date that the Public Officer reports as the date he or she determines vacancy shall be the commencement date for the six month vacancy period. (This definition was added by Ordinance No. 15- 26 and amended by Ordinance No. 16-40)
Vacant Property means a building is vacant or unoccupied if less than 10% of the total square footage is owned, rented or leased by you and used by you to conduct customary operations, excluding common areas such as lobbies and garages. Buildings under construction or renovation shall not be considered vacant.
Vacant Property means a building or structure that is not occupied and includes the Yard appurtenant thereto and all mobile structures, outbuildings, Fences and erections thereon, whether heretofore or hereafter erected.