Residential real property definition

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.

Residential real property means real property improved with not less than one nor more than four residential dwelling units: units in residential cooperatives; or, condominium units including the limited common elements allocated to the exclusive use thereof that form an integral part of the condominium unit. The term includes a manufactured home as defined in subdivision (53) of Section 9-102 of the Uniform Commercial Code that is real property as defined in the Conveyance and Encumbrance of Manufactured Homes as Real Property and Severance Act.

Residential real property means real property located in this state, used for residential purposes, and improved or to be improved by a residential structure. Residential real property includes a mobile home, a mobile home park, and a mobile home condominium project. When the terms "rehabilitate" or "rehabilitation" are used in conjunction with residential real property, residential real property refers to property improved by a residential structure.

Examples of Residential real property in a sentence

• Seller acknowledges that Seller has been informed of the responsibilities imposed upon Seller under the Residential Real Property Disclosure Act.

• A unit installed at a Florida Residential Real Property is deemed registered if a contractor licensed under part I of chapter 489 of the Florida Statutes (a) installs the new unit; and (b) provides Daikin with the date of the issuance of the certificate of occupancy for installations relating to new construction, or the serial number of the unit for installations relating to existing construction, as applicable.

• The seller disclosure requirements of the Residential Real Property Disclosure Act do NOT however apply to, among other types of transfers, “a transfer by a mortgagee or a successor in interest to the mortgagee's secured position or a beneficiary under a deed in trust who has acquired the real property by deed in lieu of foreclosure, consent judgment or judicial deed issued pursuant to a foreclosure sale.” 765 ILL.

• TO REGISTER, GO TO XXX.XXXXXXXXXXXXX.XXX AND CLICK “PRODUCT REGISTRATION.” If the unit is installed at a Florida Residential Real Property (defined below), please refer to the “Units Located At Florida Residential Real Property” section below.

• The parties mutually agree that this transfer will not be covered by the Residential Real Property Transfers Act, AS 34.70.010 et seq.

More Definitions of Residential real property

Residential real property means real property containing living accom- modations, whether used on a perma- nent or transient basis, and may in- clude furniture or fixtures if required as a condition of purchase of the in- vestment contract or if subject to the approval of the issuer.

Residential real property means real property classified as residential real property under section 34c.

Residential real property means property which satisfies at

Residential real property means any real property, the use of which is limited by law, covenant or otherwise to primarily residential or recreational purposes.

Residential real property means real property located in the State of South Carolina upon which there is located or is to be located one or more single‑family dwellings or dwelling units that are to be occupied as the owner’s dwelling, and includes real estate and residential manufactured home (land/home) transactions.

Residential real property means any real property, the use of

Residential real property means real property improved by a