CONDITION OF PROPERTY definition

CONDITION OF PROPERTY. Buyer stipulates that they have had opportunity to inspect the premises and accepts it in an “as is condition”. Seller certifies that they have received no notice of any ordinance violation from any Federal, State of Municipal Government entity.
Sample 1Sample 2
CONDITION OF PROPERTY. Owner shall have sole responsibility for placing the Property in clean and tenant ready condition prior to occupancy. Owner certifies that all heating, cooling, plumbing, electrical systems, and all appliances are in good working condition and Owner shall be responsible for the maintenance or replacement of same. Owner certifies that the roof is watertight and that water does not enter living areas either from rain or subterranean sources and Owner shall be responsible for the maintenance or replacement of same. Owner certifies that the Property is in good habitable condition, there is no mold, mildew or any water intrusion on the premises and is in compliance with all applicable laws, ordinances and regulations of all governmental authoritie ● REPAIRS: Broker is given the right to spend in the amount not to exceed $200.00 in any one month to purchase items, make repairs, and pay for same out of Owner's funds, and, if inadequate, Owner shall be billed for the difference. In case of emergency, i.e. air conditioning, heat, refrigerator, range or plumbing or any other repair the Broker deems an emergency and or necessary in Broker's sole judgment for the safety of the tenant(s) or the welfare of the property, Xxxxxx has authority to institute repairs, even if over the aforementioned limit. In order to maintain the Repair Account, Owner will provide Broker with $200.00 and if this account falls below $200.00, Broker may replenish it from the rents received. The remaining reserve balance, if any, will be returned to the owner when management of Property has concluded and the Owner account balance has been reconciled. In the event repairs are made, Broker shall withhold the amount disbursed from the next ensuing rent payment or from any rents received but not yet forwarded to Owner. Broker will arrange for all repairs, inspections, maintenance and cleanings, unless Owner has notified Broker in writing prior to the commencement of repairs to use someone else that Owner has selected, and Owner makes arrangements with third party direct. Owner agrees that they shall pay third party direct and shall indemnify and hold Broker harmless for payment of same.
Sample 1
CONDITION OF PROPERTY shall have the meaning set forth in Section 4.03(a).
Sample 1

Examples of CONDITION OF PROPERTY in a sentence

  • CONDITION OF PROPERTY The Property is offered for sale “AS IS” AND “WHERE IS” without representation or warranty, expressed or implied.

  • ARTICLE SIX: CONDITION OF PROPERTY; MAINTENANCE, REPAIRS AND ALTERATIONS.

  • CONDITION OF PROPERTY: THE PURCHASER UNDERSTANDS THAT THE SELLER MAY HAVE ACQUIRED THE PROPERTY BY FORECLOSURE, DEED-IN-LIEU OF FORECLOSURE, FORFEITURE, TAX SALE, RIGHT OF EMINENT DOMAIN OR SIMILAR PROCESS AND CONSEQUENTLY AND OR ANY OTHER WAY.

  • NO SELLER’S REPRESENTATIONS ABOUT PROPERTY; FURTHER ACCEPTANCE OF CONDITION OF PROPERTY.

  • CONDITION OF PROPERTY The Government is offering the Property for sale “AS IS” AND “WHERE IS”, disclaims any and all express or implied warranties and specifically makes no warranties of title, habitability, merchantability, suitability, and fitness for any purpose.

  • CONDITION OF PROPERTY: Hunter(s) stipulates, represents and warrants that Hunter(s) has examined the Leased Property, and that it is in good and acceptable condition at the time of this Agreement.

  • CONDITION OF PROPERTY: The property as of the date of this Agreement including buildings, ground, and all improvement will be preserved by the Seller(s) in its present condition until possession, ordinary wear and tear excepted.

  • CONDITION OF PROPERTY: Seller makes no representations regarding the status or condition of the property.

  • SELLER’S DISCLOSURE AND CONDITION OF PROPERTY ADDENDUM (“Seller’s Disclosure”).

  • IN THE PRESENCE OF: Witness VSECU, a Division of New England Federal Credit Union (Transferor) DISCLAIMER AS TO CONDITION OF PROPERTY: Purchaser agrees to accept the Property in its present condition, notwithstanding the possible existence of hidden defects or other matters not visible or ascertainable from any inspections, and Purchaser hereby expressly assumes the risk of any and all defects in the Property.


More Definitions of CONDITION OF PROPERTY

CONDITION OF PROPERTY. Buyer stipulates that they have had opportunity to inspect the premises and accepts it in an “as is condition”. Seller certifies that they have received no notice of any ordinance violation from any Federal, State, or Municipal Government entity. BINDING EFFECT: It is mutually agreed by and between the parties hereto that the time of payment shall be of the essence of this Contract, that all covenants and agreements herein contained shall extend to and be obligatory upon the heirs, executors, administrators, successors, and assigns of the respective parties.
Sample 1
CONDITION OF PROPERTY. Insurable Title closing Deed and title closing date and place conditions to closing
Sample 1
CONDITION OF PROPERTY. Owner shall have sole responsibility for placing the Property in clean and tenant ready condition prior to occupancy. Owner certifies that all heating, cooling, plumbing, electrical systems, and all appliances are in good working condition and Owner shall be responsible for the maintenance or replacement of same. Owner certifies that the roof is watertight and that water does not enter living areas either from rain or subterranean sources and Owner shall be responsible for the maintenance or replacement of same. Owner certifies that the Property is in good habitable condition, there is no mold, mildew or any water intrusion on the premises and is in compliance with all applicable laws, ordinances and regulations of all governmental authorities. • REPAIRS: Broker is given the right to spend in the amount not to exceed $200.00 in any one month to purchase items, make repairs, and pay for same out of Owner's funds, and, if inadequate, Owner shall be billed for the difference. In case of emergency,
Sample 1
CONDITION OF PROPERTY. The Property shall be conveyed by the County to HabitatNOVA in “as is, where is” physical condition. The County makes no representations or warranties whatsoever to HabitatNOVA, either express or implied, with respect to the physical condition of the Property, its fitness for any particular purpose or use, or the suitability of any part of the Property for the purposes or needs of HabitatNOVA.
Sample 1

Related to CONDITION OF PROPERTY

  • Personal Property means all machinery, equipment, furniture, furnishings, movable walls or partitions, computers (and all associated software), trade fixtures and other personal property (but excluding consumable inventory and supplies owned by Tenant) used in connection with the Leased Property, together with all replacements and alterations thereof and additions thereto, except items, if any, included within the definition of Fixtures or Improvements.

  • 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.

  • Environmentally constrained area means the following areas where the physical alteration of the land is in some way restricted, either through regulation, easement, deed restriction or ownership such as: wetlands, floodplains, threatened and endangered species sites or designated habitats, and parks and preserves. Habitats of endangered or threatened species are identified using the Department's Landscape Project as approved by the Department's Endangered and Nongame Species Program.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Land disturbing construction activity means any man-made alteration of the land surface resulting in a change in the topography or existing vegetative or non-vegetative soil cover, that may result in runoff and lead to an increase in soil erosion and movement of sediment into waters of the state. Land disturbing construction activity includes clearing and grubbing, demolition, excavating, pit trench dewatering, filling and grading activities.

  • Specially constructed vehicle means any vehicle that was not originally constructed under a

  • Environmental Conditions means any conditions of the environment, including, without limitation, the work place, the ocean, natural resources (including flora or fauna), soil, surface water, ground water, any actual or potential drinking water supply sources, substrata or the ambient air, relating to or arising out of, or caused by the use, handling, storage, treatment, recycling, generation, transportation, Release or threatened Release or other management or mismanagement of Regulated Substances resulting from the use of, or operations on, the Property.

  • Special Condition means a condition of a Transporter's Licence or Shipper's Licence other than a Standard Condition;

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Special Conditions means Special Conditions of Contract, which override the General Conditions, also referred to as SCC.

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • Public Property means any and all property owned by the City or held in the name of the City by any of the departments, commissions or agencies within the City government.

  • Environmental Condition means any condition or circumstance, including the presence of Hazardous Substances which does or would (i) require assessment, investigation, abatement, correction, removal or remediation under any Environmental Law, (ii) give rise to any civil or criminal Liability under any Environmental Law, (iii) create or constitute a public or private nuisance or (iv) constitute a violation of or non-compliance with any Environmental Law.

  • New property means (i) the assessed value, after final

  • Permitted Encumbrance means, with respect to any Mortgaged Property, such exceptions to title as are set forth in the Mortgage Policy delivered with respect thereto, all of which exceptions must be acceptable to the Administrative Agent in its reasonable discretion.

  • Environmental Assessment means an assessment of the presence, storage or release of any hazardous or toxic substance, pollutant or contaminant with respect to the collateral securing a Shared-Loss Loan that has been fully or partially charged off.