Commercial real property definition

Commercial real property means any real property that is improved with, or consisting of, a building that is intended for commercial use, including hotels and motels, that is not a single-family residential real property or a multifamily residential real property.

Commercial real property means real property intended to generate income either from capital gain or rental income, such as office buildings.

Commercial real property means all real property in the state, except (1) single-family residential real property, (2) dwelling units made subject to Chapter 2 (commencing with Section 1940) of Title 5, (3) a mobilehome, as defined in Section 798.3, (4) vacant land, or (5) a recreational vehicle, as defined in Section 799.29. (d) “Dual agent” means an agent acting, either directly or through a salesperson or broker associate, as agent for both the seller and the buyer in a real property transaction. (e) “Listing agreement” means a written contract between a seller of real property and an agent, by which the agent has been authorized to sell the real property or to find or obtain a buyer, including rendering other services for which a real estate license is required to the seller pursuant to the terms of the agreement. (f) “Seller's agent” means a person who has obtained a listing of real property to act as an agent for compensation.

Examples of Commercial real property in a sentence

• Commercial real property is assessed at 32% of its TVM as of January 1 of each odd-numbered year.

• Commercial real property markets in the United States need an infusion of equity at this time, not a tax regime that deters foreign investment.

• Commercial real property project loans do not include ordinary business loans and lines of credit in which real property is taken as collateral.

• Commercial real property includes land, buildings, office or retail space, convention or meeting rooms, airport tie-downs, and parking and docking spaces.

• Commercial real property defense mechanism will include sales of comparable properties, replacement cost new less depreciation, similar properties with similar appraisals, effective age utility, full listing of characteristics of each property on appraisal card as they were known at the time of the appraisal, pictures, cost guide information, location maps, and deeds of trust or ownership deeds.

More Definitions of Commercial real property

Commercial real property means all real property in the state, except single-family residential real property, dwelling units made subject to Chapter 2 (commencing with Section 1940) of Title 5, mobilehomes, as defined in Section 798.3, or recreational vehicles, as defined in Section 799.29.

Commercial real property means any developed real property that is used as a place of business for a small business or a non-profit organization.

Commercial real property means real property

Commercial real property or “Commercial Property” means a class of property consisting of parcels used for business or commercial purposes, including, but not limited to, stores, service centers, restaurants, and other structures designed or used for commercial purposes. Commercial real property includes:

Commercial real property means all real property except (a) single-family residential real property, (b) dwelling units made subject to Chapter 2 (commencing with Section 1940) of Title 5 of Part 4 of Division 3 of the Civil Code,

Commercial real property means real property classified as commercial real property under section 34c of the general property tax act, 1893 PA 206, MCL 211.34c.

Commercial real property means real property that is classified as commercial under s.70.32 (2) (a) 2.