Common use of No Separate Sale Clause in Contracts

No Separate Sale. The Owner covenants with the City that the Owner will not sell or transfer, or agree to sell or transfer, any interest in any building on the Lands containing an Affordable Rental Unit other than a full interest in the title to all Dwellings Units, and to a person that will continue to ensure that all Affordable Rental Units are available for rental in accordance with this Agreement.

Appears in 3 contracts

Samples: Housing Agreement, Housing Agreement, Housing Agreement and Covenant

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No Separate Sale. The Owner covenants with the City that the Owner will not sell or transfer, or agree to sell or transfer, any interest in any building on the Lands (or if the building has been stratified, any strata lot) containing an Affordable Rental a Dwelling Unit on the Lands other than a full interest in the title to all Dwellings Units, and to a person that will in a manner satisfactory to the City continue to ensure that all Affordable Rental Dwelling Units are available for rental in accordance with this Agreement.

Appears in 1 contract

Samples: Housing Agreement

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