Industrial real property definition

Industrial real property or “Industrial” means a class of property consisting of parcels used for industrial production or service, including plants, shops, processing establishments, and other structures designed or used for industrial purposes.
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Industrial real property means real property classified as industrial real property under section 34c of the general property tax act, 1893 PA 206, MCL 211.34c.
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Examples of Industrial real property in a sentence

  • In all cases, the estate duty clearance papers issued by the EDO are annexed to the probate or letters of administration issued by the Probate Registry.

  • ELIGIBILITY‌Property Owners, including nonprofits such as houses of worship, private schools and universities, planning new Qualifying Commercial or Industrial Real Property, can take advantage of the C-PACE program.

  • Issue interim guidance for the 2021 assessment year directing that solar real property is to be classified and valued by assessors as Industrial Real Property unless there is another current use of the property that more significantly influences the total valuation of the parcel should be added to the end.3. Direct the Solar Project Committee to continue its work into 2021 by meeting with groups of interest, such solar industry groups and local unit officials.

  • A Qualified Improvement Project located on a Qualifying Commercial or Industrial Real Property is eligible for the Program provided the required audit, feasibility study and/or written analysis as described in the Program Guide has been reviewed by the Program Administrator and determined to be feasible with respect to its findings, savings, benefits, and compliance with any provisions within the Act, this Resolution or Program Guide without further action required by the City Council.

  • Kentucky Course 71, Commercial and Industrial Real Property Appraisal by use of the Cost Approach: demonstration of practical appraisal techniques for the assessment of commercial and industrial real estate, focusing primarily on the cost approach to value.

  • Breakeven Calculation Methodology and Calculation for Guilford Data Item or CalculationGuilford FY 2003-2004 BudgetTotal Town Expenditures for the Fiscal Year Notes: (1) Taxes paid by business includes Commercial and Industrial Real Property, all taxable personal property except non-registered motor vehicles and mobile manufactured homes, motor vehicles registered as commercial and farm, and a 7.4% allocation of other motor vehicles.

  • I’ve taken these from my research and discussions about the Vedas.

  • The C-PACE Program shall be available Qualifying Commercial or Industrial Real Property owners throughout the City so long as the property owner, type of building and proposed Energy Efficiency Improvement Projects or Renewable Energy Projects all qualify for the C-PACE program pursuant to NRS 271.6312.

  • Any Qualifying Commercial or Industrial Real Property or part thereof that enters the Program will automatically exit the Program once their financial Installment Payment is made to terminate the Financing associated with the recorded C-PACE Lien.

  • Oil, Gas and Mineral RightsThe second part, held in the afternoon of the test day, shall test the applicant’s knowledge of the specialty area of Business, Commercial and Industrial Real Property Law.

Related to Industrial real property

  • Material Real Property means any real property owned by any Loan Party with a fair market value in excess of $5,000,000.

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Industrial Property – means property used for construction, repair, trade or manufacturing, production, assembly or processing of finished or partially finished products from raw materials or fabricated parts on such a large scale that capital and labour are significantly involved, and includes any office or other accommodation on the same property, the use of which is incidental to such activity;

  • Real Property means any estates or interests in real property now owned or hereafter acquired by any Grantor and the improvements thereto.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Material Real Estate Asset means any fee-owned Real Estate Asset having a Fair Market Value in excess of $5,000,000, as of the date of the acquisition thereof; provided that that the Fair Market Value of all fee-owned Real Estate Assets that are not Material Real Estate Assets shall not exceed $15,000,000 in the aggregate.

  • Company Leased Real Property shall have the meaning set forth in Section 3.15(b).

  • Commercial real estate means real estate or an interest in real estate that is not any of the following:

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Industrial building means a building used for or in connection with,

  • existing industrial building means a building used for or in connection with,

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Material Leased Real Property shall have the meaning set forth in Section 3.17(b).

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Residential property means improved property that:-

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Parcel means an identifiable unit of land that is treated as separate for valuation or zoning purposes.

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.