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
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Examples of Garage Condominium Unit in a sentence

  • Ancillary Agreements shall mean all instruments and agreements referenced or contemplated herein, including, without limitation, the Garage Lease, the Funding Agreement, the Declaration, the Developer Obligations Agreement, the Multi-Party Agreement, the Public Land Deed, the Garage Condominium Unit Deed, and any other agreements or reservations set forth therein and other documents needed to effecuate the intent of this Agreement and the Closing.

  • If a City Body owns the Garage Condominium Unit, City Bodies assume and agree to pay Real Estate Taxes and Assessments becoming a lien against the Garage Condominium Unit whenever assessed, due, or payable.

  • The Plat shall establish the precise legal description of: (A) the Mixed-Use Condominium Units; (B) the Public Right-of-Way; and (C) the Garage Condominium Unit; for purposes of title insurance and closing documents.

  • Closing shall mean the closing with respect to: (a) if not yet aquired, Developer’s acquisition of the Development Land; (b) CDC’s conveyance to Developer of the Public Land; (c) approval of the Plat (and recordation, if possible with the contemplated horizontal property regime); and (c) Developer’s and City’s agreement to the form of the Garage Condominium Unit Deed.

  • Developer shall be responsible for all real estate taxes and assessments, assessed, due and/or payable prior to the reconveyance and for all costs of reconveyance and to satisfy any liens and encumbrances on its leasehold estate in and to the Garage Condominium Unit and the Garage and on the Mixed-Use Condominium Units, including, without limitation the Project Loan.

  • As of expiration of the Diligence Period, City shall have determined that there: (i) is no contamination or pollution of the Garage Condominium Unit, or any groundwater thereunder by any hazardous waste, material, or substance in violation of any Laws; (ii) are no underground storage tanks located on the Garage Condominium Unit; and (iii) are no wetlands on the Garage Condominium Unit.

  • In lieu of exercising the Power of Termination as a result of a default under Section 17(a) or 17(b), City may alternatively elect to require Developer to re-convey the Mixed-Use Condominium Units to a City Body and relinquish its estate in and to the Garage and the Garage Condominium Unit in accordance with the terms and conditions of this Subsection, in which case City and Developer shall close the reconveyance within fifteen (15) days after such election.

  • As of expiration of the Diligence Period, City shall have determined that no test, inspection, examination, study, or investigation of the Garage Condominium Unit establishes that there are conditions that would interfere materially with the construction and use of the Garage, in accordance with the terms and conditions of this Agreement.

  • The form of the Garage Condominium Unit Deed shall be sufficient to convey the Garage Condominium Unit to CDC after the Garage is completed and the condominium declaration is recorded.

  • The Survey shall establish the legal description of: (A) the Mixed-Use Condominium Units; and (B) the Garage Condominium Unit, to the extent possible prior to condominiumization.

Related to Garage Condominium Unit

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

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

  • Condominium Plan means a plan described in Section 4285.

  • 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 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.

  • Parking Garage means a building or portion of a building, other than a private garage, that is used for the temporary parking of motor vehicles;

  • 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.

  • 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;

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

  • 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 -

  • 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.

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

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • Water Surface Elevation (WSE means the height, in relation to NAVD 1988, of floods of various magnitudes and frequencies in the floodplains of riverine areas.

  • Built-Up Area and/or “Covered Area” in relation to a Flat shall mean the floor area of that Flat including the area of balconies and terraces, if any attached thereto, and also the thickness of the walls (external or internal) and the columns and pillars therein Provided That if any wall, column or pillar be common between two Flats, then one-half of the area under such wall column or pillar shall be included in the built-up area of each such Flat.

  • 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.

  • 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;

  • bicycle parking space – visitor means an area that is equipped with a bicycle rack for the purpose of parking and securing bicycles, and:

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

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

  • 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;

  • Area A means the area marked “Area A” outlined in red on the Plan (excluding that part shaded grey on the Plan);

  • Acre-foot means the amount of water necessary to cover one acre of land to the depth of one foot, or 325,851 U.S. gallons of water.

  • Parking Lot means a building or land used for the parking or storage of ten or more motorcars or bakkies, or two or more buses or trucks, excluding −

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

  • Basal area means the effective surface area available to transmit the treated effluent from the filter media in a mound system into the in-situ receiving soils. The perimeter is measured at the interface of the imported fill material and in-situ soil. On sloping sites, only the area down-gradient from the up-slope edge of the distribution media may be included in this calculation.