Condominium Regime definition

Condominium Regime the condominium regime created by the Amended and Restated Declaration dated as of July 17, 1996 for Rockefeller Center Tower Condominium recorded in the Office of the New York City Register in Reel 2348 at page 0853.
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Condominium Regime means the Baltimore County, Maryland condominium known as “Xxxxxxx Forge Condominiums.”
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Condominium Regime whether superior or subordinate to this Mortgage and Mortgagor shall not permit any part of the Property to be converted to, or operated as, a “cooperative apartment house” whereby the tenants or occupants participate in the ownership, management or control of any part of the Property.
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Examples of Condominium Regime in a sentence

  • Condominium, a condominium project in Rockwall, Rockwall County, Texas created under and described in the Declaration of Condominium Regime For The 0000 Xxxxxxx Xxxx.

  • All of the Owners or the sole owner of the Building (s) constituted into this Condominium Regime may waive this regime and request the County Clerk to regroup or merge the records of the filial estates with the principal property, provided, that the filial estates are unencumbered, or, if encumbered, that the creditors in whose behalf the encumbrances are recorded agree to accept as security the undivided portions of the property owned by the debtors.

  • Borrower shall submit all existing or proposed documentation (the “Condominium Documents”) intended or necessary to convert the Project into a multi-unit condominium regime (the “Condominium Regime”) to the Lender for the Lender’s review and approval prior to the Borrower’s submission of the Condominium Documents to any governmental authority required to review and approve the Condominium Documents as a pre-condition to the creation of the Condominium Regime.

  • Any Mortgagee which obtains title to a Unit pursuant to the remedies provided in the mortgage instruments, or foreclosure of the mortgage, or deed (or assignment) in lieu of foreclosure will be exempt from any “right of first refusal” contained in this Declaration or other documents governing this Condominium Regime, if any.

  • The Rate for this endorsement is $50.00.• CONDOMINIUM ENDORSEMENT(ALTA ENDORSEMENT 4.1-06) DTIRB-02 (10/01/2007) Owner’s and/or Loan Policy This endorsement affords multiple forms of coverage with respect to the Condominium Regime and Documentation, when affixed to a policy in which the insured land is a condominium unit together with its percentage interest in the common elements.

  • Any items that are in violation of the Covenants and Standards must be corrected prior to issuance of any new permits.• Regime and Homeowners Association Review: The ARC will not consider an application involving exterior changes in a Condominium Regime or a Homeowners Association (HOA) until it has first been reviewed by said regime or association, and the recommendations provided to the ARC.

  • Subject to the provisions of this Section, the proceeds shall be disbursed first for the repair or restoration of the damaged Common Elements and Units, and Unit Owners and lien holders are not entitled to receive payment of any portion of the proceeds after the Common Elements and Units have been completely repaired or restored, or the Condominium Regime is terminated.

  • Borrower shall provide Lender with evidence that all Public Authorities have approved the Condominium Documents creating the Condominium Regime and that all Condominium Documents required to legally create the Condominium Regime have been duly recorded with the appropriate Public Authorities resulting in the creation of the requisite number of single family attached townhome condominium Units per Building Pad prior to the closing of the out-sale of the first Unit within such Building Pad.

  • Condominium (“Condominium”) comprised of 490,000 square feet of rentable area (“Rentable Area”) together with Unit A’s undivided interest in and to the Common Elements as defined in and provided by that certain Declaration of Condominium Regime for The 3000 Xxxxxxx Xxxx.

  • The Board of Directors of the Association shall approve proposed special assessments from time to time, in order to meet the obligations of the Condominium Regime.


More Definitions of Condominium Regime

Condominium Regime shall have the meaning ascribed to such term in Section 8.8(a).
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Condominium Regime means the condominium regime created under the applicable Condominium Documents as to the applicable Phase VI Improvements.
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Condominium Regime shall have the meaning set forth in the Security Instrument.
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Condominium Regime shall have the meaning set forth in Section 4.33 hereof.
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Condominium Regime means the condominium regime created under the
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Related to Condominium Regime

  • Condominium Plan means a plan described in Section 4285.

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

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

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Condominium Act means Article 9-B of the New York Real Property Law (339-d et seq.), together with the administrative rules promulgated thereunder, and all amendments and replacements thereof, and all regulations with respect thereto now or hereafter promulgated.

  • 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 Declaration means the Declaration of Condominium for NetApp RTP Phase I Condominium recorded in Book 012647, Page 01310, Wake County, North Carolina Registry.

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.

  • Condominium Corporation means a condominium or strata corporation established under Provincial Legislation.

  • Condominium Association ’ means the organization, whose membership consists ex- clusively of all the unit owners in the con- dominium project, which is, or will be respon- sible for the operation, administration, and management of the 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.

  • heritage building means a Building designated under Part IV of the Ontario Heritage Act, R.S.O. 1990, c. O.18, or any successor legislation, or a Building designated under Part V of the Ontario Heritage Act,R.S.O. 1990, c. O.18, or any successor legislation, which has been identified as a significant heritage resource in a conservation district plan and any Building listed in the Markham Register of Property of Cultural Heritage Value of Interest;

  • apartment building means a residential use building, or the residential use portion of a mixed-use building, other than a townhouse or stacked townhouse containing four or more dwelling units each of which shall have access to above grade common halls, stairs, elevators, and yards;

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • communal land means land under the jurisdiction of a traditional council determined in terms of section 6 of the Eastern Cape Traditional Leadership and Governance Act, (Act 4 of 2005) and which was at any time vested in -

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Land means the land described in Exhibit A.

  • Garage shall have the meaning ascribed to it in Recital H;

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.

  • Covered Municipal Building means a building or facility that is owned or occupied by the Town that is 1,000 square feet or larger in size.

  • farm building means that part of a bona fide farming operation encompassing barns, silos and other ancillary development to an agricultural use, but excluding a residential use;

  • Easement Area means the area of the servient lot marked on the survey-strata plan as being subject to the relevant easement; and

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Office Building (Premises), means a building or premises or part thereof whose sole or principal use is for an office or for office purposes or clerical work. "Office purposes" includes the purpose of administration, clerical work, handling money, telephone, telegraph and computer operation; and "clerical work" includes writing, book-keeping, sorting papers typing, filing, duplicating, punching cards or tapes, machines calculations, drawing of matter for publication and editorial preparation of matter for publication.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Parcel 2 COMMON AREA APPURTENANT TO EACH COMMERCIAL UNIT PARCEL 3: NONEXCLUSIVE EASEMENTS PARCEL C (COMPRISING PARCEL 1, PARCEL 2, AND PARCEL 3,) PARCEL 1;