Condominium Property definition

Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

Condominium Property means all real and personal property submitted to the provisions of this chapter, including land, the buildings, improvements, and structures on that land, the land under a water slip, the buildings, improvements, and structures that form or that are utilized in connection with that water slip, and all easements, rights, and appurtenances belonging to the land or to the land under a water slip.

Condominium Property means the land and personal property that are subjected to condominium ownership under this Declaration, all improvements on the land, and all easements and rights appurtenant thereto intended for use in connection with the Condominium.

Examples of Condominium Property in a sentence

• Seller reserves the right to substitute a unit designated for owner-occupants with another unit within the project, subject to the requirements of the Condominium Property Act.

• The term "Condominium Property Act" means Chapter 514B of the Hawaii Revised Statutes, as amended.

• Any contract or instrument entered into in violation of this paragraph shall be subject to, among other things, (a) the remedies provided in HRS Section 514B- 94(b) under the Condominium Property Act, and (b) a civil penalty of up to $10,000 or 50% of the net proceeds received or to be received by Buyer from the sale, lease, rental, assignment, or other transfer of the Unit, whichever is greater.

• Hawaii Revised Statutes (“HRS”) Section 514B-98 of the Condominium Property Act requires that for a thirty-day period following the initial date of sale of units in a condominium project, at least 50% of the units being sold shall be offered for sale only to prospective owner-occupants.

• Pursuant to the Condominium Property Act, the Seller will use a public lottery system to determine the order in which prospective owner-occupant purchasers would be given an opportunity to select one of the designated residential units.

More Definitions of Condominium Property

Condominium Property means each such Property.

Condominium Property means the lands, leaseholds,

Condominium Property means the land covered by the master deed, whether or not contiguous and all improvements thereon, all owned either in fee simple or under lease, and all easements, rights and appurtenances belonging thereto or intended for the benefit thereof.

Condominium Property means property as defined in subsection 1 (1) of the Condominium Act, 1998; (“propriété condominiale”)

Condominium Property means a Multifamily Property that has been converted into residential condominium units for the purpose of sale. For purposes of this definition and the definition of “Condominium Property Value” a Multifamily Property will be deemed “converted” into residential condominium units once both of the following have occurred: (a) notice of the conversion has been sent to the tenants of such Property; and (b) a declaration of condominium or other similar document is filed with the applicable Governmental Authority.

Condominium Property means and include the lands that are subject to Condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the Condominium.

Condominium Property means any Owned Property that is an individual residential condominium unit in a low-rise or high-rise condominium project, but not a single family home.