Types of Property Sample Clauses

Types of Property. Properties may be either freehold, leasehold or (in Scotland) heritable or held under a long lease. In the case of leasehold properties, the unexpired portion of the lease must in most cases not expire earlier than 30 years after the term of the Loan. The property must be used solely for residential purposes (with extremely limited case by case exceptions) and must be in sound structural condition and repair or be capable of being put into such state. House boats, mobile homes and any property on which buildings insurance cannot be arranged are not acceptable. All persons who are to be legal owners of the Property on completion of the relevant Mortgage must be Borrowers. All properties have been valued by a valuer approved by the Seller or, where appropriate, according to a methodology which would meet the standards of a reasonable, prudent mortgage lender and which has been approved by the Seller.
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Types of Property. Properties may be freehold, heritable or leasehold or held under a fee farm grant. In the case of leasehold properties, the unexpired portion of the lease must in most cases not expire earlier than 30 years after the term of the Loan. All properties have been valued by a valuer approved by the Seller.
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Types of Property. Properties may be either freehold or leasehold. In the case of leasehold properties, the unexpired portion of the lease must in most cases not expire earlier than 30 years after the term of the Loan. All properties have been valued by a valuer approved by the Seller.
Sample 1Sample 2Sample 3
Types of Property. Properties may be either freehold or leasehold or (in Scotland) heritable or long lease. In the case of leasehold(1) properties, the unexpired portion of the lease must in most cases not expire earlier than 30 years after the term of the Loan. All properties have been valued by a valuer approved by the Seller.
Sample 1
Types of Property. Properties may be either freehold or leasehold. In the case of leasehold properties, the unexpired portion of the lease must in most cases not expire earlier than 30 years after the term of the Loan. The property must be used solely for residential purposes (with extremely limited case by case exceptions) and must be in sound structural condition and repair or be capable of being put into such state. House boats, mobile homes and any property on which buildings insurance cannot be arranged are not acceptable. All persons who are to be legal owners of the Property on completion of the relevant Mortgage must be Borrowers. All properties have been valued by a valuer approved by the Seller or, where appropriate, according to a methodology which would meet the standards of a reasonable, prudent mortgage lender and which has been approved by the Seller.
Sample 1Sample 2
Types of Property. If marked here, in the following described property:
Sample 1
Types of Property. Properties shall be residential real estate. All properties have been valued by a valuer approved by the Seller except in the case of certain Loans which have a low loan-to-value ratio and the valuation of the relevant Properties can be easily determined by using publicly available services.
Sample 1
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Types of Property. Properties may be either freehold, leasehold or (in Scotland) heritable or held under a long lease. In the case of leasehold properties, the unexpired portion of the lease must in most cases not expire earlier than 30 years after the term of the Loan, although this can be reduced to 10 years under certain circumstances. The property must be used solely for residential purposes (with extremely limited case by case exceptions) and must be in sound structural condition and repair or be capable of being put into such state. House boats, mobile homes and any property on which buildings insurance cannot be arranged are not acceptable. All persons who are to be legal owners of the Property on completion of the relevant Mortgage must be Borrowers. All properties have been valued by a valuer approved by the Seller or, where appropriate, according to a methodology which would meet the standards of a Reasonable, Prudent Mortgage Lender and which has been approved by the Seller.
Sample 1

Related to Types of Property

  • PARTICULARS OF PROPERTY TITLE NO AND LOT NO : GRN 61948, Xxx 0000 XXXXX / XXXXXXXX / XXXXX : Xxxxx 0, Xxxxxxxx xx Xxxxxxxx Xxxxx Xxxxxx, Xxxxx of Penang FLOOR AREA : Approximately 754.40 square feet (70.08 square metres) TENURE : Freehold DEVELOPER / PROPRIETOR : Koperasi Bank Persatuan Malaysia Berhad ENCUMBRANCE : Assigned to Public Bank Berhad LOCATION AND DESCRIPTION OF THE PROPERTY The subject property is located at 3rd floor of a 5 storey walk up building. The subject property is a unit of medium cost flat identified as Developer’s Parcel Xx. 0X, Xxxxxx Xx. 0, Xxxxx Xxxx Xxxx Xxxx Sambungan and bearing postal address at Xxxx Xx. 0-00, Xxxxx X, Xxxxx Xxxxx, Xxxxx Haji Xxxx Xxxx, 13500 Permatang Pauh, Seberang Perai Tengah, Penang. RESERVE PRICE : RM100,000.00 The sale of the subject property may be subjected to any prevailing tax imposed by the Government of Malaysia. In the event that there is any prevailing tax payable, the selling price is excluding the same. The successful bidder shall, therefore be liable to pay the same (if any). The property will be sold on an “as is where is” basis, subject to a reserve price of RM100,000.00 (RINGGIT MALAYSIA ONE HUNDRED THOUSAND ONLY), subject to the Conditions of Sale and by way of an Assignment from the above Assignee subject to consent being obtained by the successful bidder (“the Purchaser”) from the relevant authorities, if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authority. Online bidders are further subject to the Terms & Conditions on xxxx://xxxx.xxxxxxxx.xxx.xx. The successful bidder shall be solely responsible to pay all the fee and charges imposed by the Liquidator / Developer (in liquidation) and comply with all procedures and documentation required by Liquidator / Developer (in liquidation).

  • Description of Property A narrative description of the Real Estate, the improvements thereon and the tenants and Leases relating to such Real Estate.

  • Operation of Property To continue to operate the Property consistent with past practices.

  • Disposition of Property Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

  • Maintenance of Properties (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities.

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