Companion Unit definition

Companion Unit means a Unit that is not a Senior Unit and which is (i) the second Unit for which a Building Permit is issued on an Assessor’s Parcel if the Building Permits for the first two (2) Units are issued sequentially, or (ii) the smaller Unit, measured in terms of Building Square Feet, if the Building Permits are issued simultaneously for the first two (2) Units on an Assessor’s Parcel. Additional Units after the second Unit on an Assessor’s Parcel will not be classified as a Companion Unit, nor will any Unit on an Assessor’s Parcel be classified as a Companion Unit if Building Permits are initially issued for more than two (2) Units on such Assessor’s Parcel. In either such case described in the immediately preceding sentence, the Units that may not be classified as Companion Units will be classified as Production Units, provided that such Units are not classifiable as Affordable Units, Custom Units, or Senior Units.
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Companion Unit means a Unit, having a separate entrance, which is located on the same Lot as an existing Unit which was not included on the initial building permit. Companion Units shall not be subject to an Annual Special Tax; however, they shall be required to pay all applicable statutory fees.
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Examples of Companion Unit in a sentence

  • The following LDC amendments address items related to Accessory Dwelling Units (ADUs) and Junior Accessory Dwelling Units (JADUs): • Replacement of the Companion Unit, Junior Unit and Movable Tiny Homes Regulations with New Accessory Dwelling Unit and Junior Accessory Dwelling Unit Regulations in Order to Implement New State ADU and JADU Legislation Several bills were passed at the end of 2019 which addressed ADUs and JADUs, including AB 68, AB 587, AB 881, and SB 13.

  • Process 2) Coastal Development Permit to convert an existing 263 sf room over a 449 sf detached garage into a Companion Unit at 416 Nautilus St. The project includes adding 104 sf for a Companion Unit totaling 367 sf.

  • Project Review Committee approved lot splits on 70th lots with 1200sf single family single story house & 400sf Companion Unit proposed for each.Neighbor: Expressed objections to splits & building proposals adjacent to his lot.Putman: Split is consistent with zoning & City Plan so no decision is needed.

  • The motion passed unanimously 12-0-0 with Dan Grobee and Mike Lutz absent.ITEM #9 Accessory Units: Consider the City proposal to amend the Land Development Code to modify the Companion Unit Regulations and add Junior Units.

  • CD 1.• PRC: Findings CAN be made 5-1-18553 La Jolla Shores Dr (672419, Reichenberg)(Process 3) Coastal Development Permit and Site Development Permit for a new detached 1200 sf Companion Unit with a new 474 sf detached garage located at 8553 La Jolla Shores Drive.

  • For those investors owning only Companion Units, the exchange ratio will be based upon a value of $0.02 per Companion Unit (the “Unit Conversion Ratio”).

  • Companion Unit means an attached or detached dwelling unit that is an accessory use for a single dwelling unit on a residential lot that provides independent living facilities for one or more persons, independent of the primary dwelling unit.

  • The list of prizes offered by NBP is detailed as follow: - One (1) “kigu” (costume) made from the Participant’s Creation Unit value: 600 GBP- Ten (10) Japanese version of the Ni No Kuni Wizards Companion Unit value: 20 GBP.The prices pointed above correspond to the recommended retail prices for these products at the date of the Competition.

  • Presenter: Maria GarciaDescription: Process 2 Coastal Development Permit to convert apreviously permitted guest quarters currently under construction into a permitted Companion Unit.

  • Presenter: Mark HirshfieldDescription: Process 3 Coastal Development Permit to remodel andadd square footage to an existing dwelling, and to convert a portion into a Companion Unit, and to convert the existing garage into living space.

Related to Companion Unit

  • Companion Loan As defined in the Introductory Statement.

  • Serviced Companion Loan Securities Any commercial mortgage-backed securities that evidence an interest in or are secured by the assets of an Other Securitization Trust, which assets include a Serviced Companion Loan (or a portion thereof or interest therein).

  • Serviced Pari Passu Companion Loan A Pari Passu Companion Loan that is part of a Serviced Loan Combination. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Pari Passu Companion Loan will cease to be a Serviced Pari Passu Companion Loan on and after the related Servicing Shift Date.

  • Serviced Companion Loan A Companion Loan that is part of a Serviced Loan Combination. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Companion Loan will no longer be a Serviced Companion Loan on and after the related Servicing Shift Date.

  • Serviced Loan Combination A Loan Combination that is being serviced pursuant to this Agreement. The only Serviced Loan Combinations related to the Trust as of the Closing Date are the Loan Combinations as to which “Serviced” is set forth in the Loan Combination Table under the column heading “Servicing Type,” together with any Servicing Shift Loan Combinations. A Servicing Shift Loan Combination will no longer be a Serviced Loan Combination on and after the related Servicing Shift Date.

  • Serviced Pari Passu Companion Loan Holder A holder of a Serviced Pari Passu Companion Loan.

  • Companion Loan Holder The holder of a Companion Loan.

  • REO Companion Loan Any Serviced Companion Loan if the related Mortgaged Property has become an REO Property.

  • Pari Passu Companion Loan A Companion Loan that, pursuant to the related Loan Documents and/or the related Co-Lender Agreement, is pari passu in right of payment to the related Split Mortgage Loan. The only Pari Passu Companion Loans related to the Trust as of the Closing Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Pari Passu Companion Loan(s),” each of which Notes evidences a separate Pari Passu Companion Loan.

  • Loan Combination shall include any successor REO Mortgage Loan and the related successor REO Companion Loan(s) (or the related deemed Companion Loan(s), if applicable)). The only Loan Combinations related to the Trust as of the Closing Date are identified in the Loan Combination Table.

  • Serviced Companion Loan Holder The holder of a Serviced Companion Loan.

  • Companion Class With respect to each Lower Tier Regular Class, any Class of Trust Fund Certificates appearing opposite such Lower Tier Regular Class in the Lower Tier Schedule.

  • Companion means a family member, friend, or associate of an individual seeking access to a service, program, or activity of a school district, who, along with such individual, is an appropriate person with whom the district should communicate.

  • Whole Loan As defined in the Introductory Statement.

  • Companion Distribution Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.

  • Note A-1 Special Servicer means the special servicer under the Note A-1 PSA.

  • Initial Mortgage Loan A Mortgage Loan conveyed to the Trust Fund on the Closing Date pursuant to this Agreement as identified on the Mortgage Loan Schedule delivered to the Trustee on the Closing Date.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Lead Securitization Controlling Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement.

  • Note A-1-1 Securitization means the first sale by the Note A-1-1 Holder of all or a portion of Note A-1-1 to a depositor who will in turn include such portion of Note A-1-1 as part of the securitization of one or more mortgage loans.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.

  • Note A-1 Securitization means the first sale by the Note A-1 Holder of all or a portion of Note A-1 to a depositor who will in turn include such portion of Note A-1 as part of the securitization of one or more mortgage loans.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Lead Securitization Subordinate Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

  • Note A-3 Special Servicer means the special servicer under the Note A-3 PSA.

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