Division of Lots. With respect to any interior lots that do not have frontage on a public street and accordingly are not eligible for subdivision into record lots pursuant to applicable subdivision laws and regulations of the District of Columbia, division of those lots into separate tax lots in accordance with the requirements of the D.C. Office of Tax and Revenue (“OTR”) pursuant to an Application for Division of Lots based upon metes and bounds descriptions. Prior to any advance under the Construction Loan for any Unit that is not a record lot under the Subdivision Plat, the Borrower shall have satisfied all applicable legal requirements to create such lot as an individual lot that may lawfully be separately conveyed.
Division of Lots. Each Lot shall have been separately subdivided into a record lot that may lawfully be separately conveyed pursuant to the recorded Record Plat for the Lots, which shall be recorded following the recorded Record Plat to separate the Property and the Apartment Parcel into individual subdivided lots of record.
Division of Lots. No lot herein shall be further subdivided into sublots without approval from sixty percent (60%) of the Lot Owners. However, as Lot “I” is not subject to the covenants, conditions and restrictions set forth herein, Lot “I” is not subject to this sixty percent (60%) approval condition.
