Condominium Laws definition

Condominium Laws means all applicable local and state laws, rules and regulations which affect the establishment and maintenance of condominiums in the State and the offering and sale of condominiums in the State, including, without limitation, the Condominium Act and the Mxxxxx Act, as same may be amended and in effect from time to time.
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Condominium Laws shall have the meaning set forth in Section 6.01(nn).
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Condominium Laws means, collectively, the Illinois Condominium Property Act, the City of Chicago Condominium Ordinance and all other laws, rules, regulations and governmental actions governing the development, conversion, ownership or operation of condominium projects such as the Project, as amended from time to time.
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Examples of Condominium Laws in a sentence

  • Borrower shall on an ongoing basis comply with all requirements of ILSA, TUCA and all other Applicable Condominium Laws.

  • On or before December 22, 2019, Borrower shall submit the Offering Plan and the other Condominium Documents (including all amendments to Declaration, Bylaws, Rules and Regulations, and the Condominium Plans) reflecting the subdivision of the Residential Unit to Lender for its review and approval, which approval shall not to be unreasonably withheld, conditioned or delayed, provided (i) no Event of Default exists and (ii) such amendment or modification complies with all Condominium Laws.

  • The submission of the each phase of the Project to a Condominium Property Regime shall be done in a timely manner, strictly in accordance with the Condominium Laws and all other applicable ordinances, statutes and regulations, and in accordance and compliance with the requirements of the regulatory authorities having jurisdiction thereof.

  • Upon the recording of the Declaration and Condominium Plans in the Register’s Office, Borrower represents and warrants to Lender that the Declaration (including the Bylaws) and the Condominium Plans shall be in full compliance with all Condominium Laws.

  • Borrower shall not modify or amend the Declaration (including the Bylaws) and/or the Condominium Plans without Lender’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, provided (i) no Event of Default exists, (ii) such amendment or modification complies with all Condominium Laws, and (iii) the SCA has approved the amendment in writing to the extent it has approval rights thereto under the School Unit Purchase Agreement.


More Definitions of Condominium Laws

Condominium Laws means all applicable local and state laws, rules and regulations which affect the establishment and maintenance of condominiums in the State and the offering and sale of condominiums in the State, including, without limitation, the Condominium Act and the Martin Act, as same may be amended and in effect from time to time.
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Related to Condominium Laws

  • Condominium Act means Article 9-B of the New York Real Property Law (339-d et seq.) of the State of New York and all modifications, supplements and replacements thereof and all regulations with respect thereto, now or hereafter enacted or promulgated.

  • Condominium unit A Single Family Property within a Condominium Project.

  • Condominium Documents means the master deed, recorded pursuant to this act, and any other instrument referred to in the master deed or bylaws which affects the rights and obligations of a co-owner in the condominium.

  • Condominium means a common interest community in which portions of the real estate are designated for separate ownership and the remainder of the real estate is designated for common ownership solely by the owners of those portions. A common interest community is not a condominium unless the undivided interests in the common elements are vested in the unit owners.

  • Condominium Association means the condominium association established pursuant to the Condominium Documents.

  • Building means any structure used or intended for supporting or sheltering any use or occupancy.

  • Land means the real property described on EXHIBIT 2, which is attached hereto and incorporated herein by reference for all purposes.