Garage Condominium Unit definition

Garage Condominium Unit. Deed shall mean a limited warranty deed by which Developer shall convey its interest in the Garage Condominium Unit to CDC, together with all improvements thereon, which deed shall be subject only to (a) the Permitted Exceptions; and (b) matters created or consented to by City Bodies or its successor or contemplated herein. Garage Lease shall mean the lease by and among CDC, RDC, and Developer pursuant to which CDC shall lease the Garage Condominium Unit and the Garage to Developer for the Lease Term, and which lease shall: (a) be subject only to the Permitted Exceptions; and (b) include (i) an environmental indemnity from Developer; (ii) rights similar to those set forth in the Power of Termination; and (iii) such other terms as are consistent with this Agreement and the Ancillary Agreements. City Bodies shall be responsible for all management, maintenance, operation, insurance, repair and reconstruction of the Garage (including all responsibilities under the Declaration). The rental payments under the Garage Lease shall be the sole liability and obligation of City Bodies. The Garage Lease shall be further subject to the terms and conditions of the Declaration to be executed on or before Closing. General Contractor shall mean the general contractor that is: (a) selected by Developer to construct the Project; and (b) reasonably acceptable to City; with experience in constructing or managing projects similar to the Project. Primary sub-contractors shall be approved in advance by City, which approval shall not be unreasonably withheld. Inspector shall mean such party designated by City as its inspector. Latent Defect shall mean a Material Defect that: (a) is not discovered, and reasonably is not discoverable, by City or Inspector during a Permitted Inspection and/or the Final Inspection; and
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Garage Condominium Unit means that certain condominium unit within which the Garage is to be constructed, which unit is identified by a property identification number separate and distinct from the Retail Condominium Unit and from the Multi-Family Condominium Unit.” Garage Condominium Unit Deed shall be added as follows:
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Garage Condominium Unit. Deed shall mean a limited warranty deed by which the Building Corp. takes title to the Garage Condominium Unit, together with all improvements thereon, which deed shall be subject only to (a) the Permitted Exceptions; and (b) matters created or consented to by City Bodies or its successor or contemplated herein. Garage Lease shall mean the lease by and among Building Corp., RDC, and Company pursuant to which Building Corp. (a) shall lease the Garage Parcel to Company effective upon Closing and continuing through the date the Declaration and HPR Plat are recorded and the Garage Condominium Unit is transferred to the City pursuant to the Garage Condominium Unit Deed, and
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Examples of Garage Condominium Unit in a sentence

  • Multi-Family Condominium Unit shall mean that certain condominium unit, which shall be created by the Declaration and HPR Plat, within which approximately one hundred ninety (190) upscale, luxury, active adult (55 and over) residential units are located, which Multi-Family Condominium Unit is identified by a property identification number separate and distinct from the Retail Condominium Unit and Garage Condominium Unit.

Related to Garage Condominium Unit

  • 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.

  • Rate Center Area means the following in each applicable area: