Restricted Common Properties definition

Restricted Common Properties means and refer to those tracts of land with any improvements thereon which are actually deeded or leased to the Association and designated in such deed or lease as "Restricted Common Properties". All Restricted Common Properties are to be devoted to and intended for the common use and enjoyment of "Residents" and Type A members of the Association, as defined in Section 2 of Article III, guests accompanying such Residents or members and the Company. All use of Restricted Common Properties shall be subject to the fee schedules and operating rules adopted by the Association. Any lands which are leased by the Association for use as Restricted Common Properties shall lose their character as Restricted Common Properties upon the expiration of such lease.
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Restricted Common Properties means and refer to those tracts of land with any improvements thereon which are actually deeded or leased to the Association and designated in all such deed or lease as “Restricted Common Properties.” All Restricted Common Properties are to be devoted to and intended for the common use and enjoyment of Owners of Residential Lots and Family Dwelling Units, their immediate families, guests accompanying such Owners, tenants of such Owners holding leases of 9 months duration or longer, and to be closed to use of (1) tenants of such Owners holding leases less than 9 months duration; and, (2) visiting members of the general public; with all use of Restricted Common Properties to be subject to the fee schedules and operating rules adopted by the Association. Any lands, which are leased by the Association for use as Restricted Common Properties, shall lose their character as Restricted Common Properties upon the expiration of such leases. The Restricted Common Properties shall include, but are not limited to (1) areas between the lot line and state owned beaches and marshes below the mean high water mark adjacent to lots fronting thereon, estimated to contain approximately 25 acres; and (2) the Whooping Crane Pond Conservancy of approximately 137 acres.
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Restricted Common Properties means and refer to those tracts of land with any improvements thereon which are deeded or leased to the Corporation and designated in such Deed or lease as "Restricted Common Properties". The term "Restricted Common Properties" shall also include any personal property acquired or leased by the Corporation if said property is designated a "Restricted Common Property". All Restricted common Properties are to be devoted to and intended for the common use and enjoyment of Type "A" Members of the Corporation, with all use of Restricted Common Properties to be subject to the fee schedules and operating rules adopted by the Corporation. Any lands or personal property which are leased by the Corporation for use as Restricted Common Properties shall lose their character as Restricted Common Properties upon the expiration of such lease.
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Examples of Restricted Common Properties in a sentence

  • The rights of reversion of the Lessor of any Common Properties or Restricted Common Properties leased by the Association upon expiration of the lease.

  • The right of the Company or the Association by its Board of Directors to dedicate or transfer to any public or private utility, utility or drainage easements on any part of the Common Properties and Restricted Common Properties.

  • Neither the Company nor the Trustee shall have the obligations to provide for operation, maintenance, repair, and upkeep of the Common Properties or Restricted Common Properties once the funds provided by the Annual Assessment have been exhausted.

  • The Association shall operate and maintain all streetlights along all public roads and within all Common Properties and Restricted Common Properties.

  • Once conveyed to the Association, these properties shall become Common Properties or Restricted Common Properties, as the case may be.

  • The right of the Association to charge reasonable admission and other fees for the use of recreational facilities and services on the Common Properties and Restricted Common Properties.

  • A true copy of such resolution together with a certificate of the results of the vote taken thereon shall be made and acknowledged by the President or Vice President and Secretary or Assistant Secretary of the Association and such certificate shall be annexed to any instrument of dedication or transfer of any parcel of land and improvements thereon affecting the Common Properties or Restricted Common Properties prior to the recording hereof.

  • The Association shall provide appropriate liability and hazard insurance coverage as provided herein for improvements and activities on all Common Properties and Restricted Common Properties.

  • To set up and operate an Architectural Review Board for all Common Properties or Restricted Common Properties, and in the event that the Association is designated by the Company as the agent or the assign of the Company for such purposes, to extend the operation of the Architectural Review Board to all properties within Meadowmont.

  • A true copy of such resolution together with a certificate of the results of the vote taken thereon shall be made and acknowledged by the President or Vice President and Secretary or Assistant Secretary of the Association and such certificate shall be annexed to any instrument of dedication or transfer affecting the Common Properties or Restricted Common Properties prior to the recording thereof.


More Definitions of Restricted Common Properties

Restricted Common Properties means and refer to those tracts of land, with all improvements thereon", which are designated as "common property" or `common area" on any map of a portion of the Project which is owned by or under the control and jurisdiction of a "Sub- Association" and which is reserved or restricted for the common use and enjoyment of the members of such Sub-Association and/or their guests and invitees, or, in the case of an apartment development, is reserved or restricted for the common use and enjoyment of the tenants of such development and/or their guests and invitees.
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Related to Restricted Common Properties

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • 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).

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 2 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • 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.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Owned Properties has the meaning set forth in Section 3.16.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Residential property means improved property that:-

  • hazardous properties means radioactive, toxic or explosive properties.

  • 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.

  • Qualified buildings means construction of new structures,

  • Material Properties means the material mineral properties and projects of the Corporation and Subsidiaries, more particularly set out in Schedule “B” hereto (which schedule is incorporated into and forms part of this Agreement), including, without limitation, the material mineral properties known as the Twangiza, Lugushwa, Namoya and Kamituga deposits, and each a “Material Property”;

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.

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

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Qualified building means a building built at least 30 years before the date of application, located within a designated downtown or, village center, or neighborhood development area, which, upon completion of the project supported by the tax credit, will be an income-producing building not used solely as a single-family residence. Churches and other buildings owned by religious organization may be qualified buildings, but in no event shall tax credits be used for religious worship.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

  • Loan Property means any property in which the applicable party (or a Subsidiary of it) holds a security interest, and, where required by the context, includes the owner or operator of such property, but only with respect to such property. "Participation Facility" means any facility in which the applicable party (or a Subsidiary of it) participates in the management (including all property held as trustee or in any other fiduciary capacity) and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Company Properties shall have the meaning set forth in Section 4.15.1.

  • 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.

  • Qualified business facility means any building, complex of

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.