Leasehold common interest community definition

Leasehold common interest community means a common interest community in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the common interest community or reduce its size.
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Leasehold common interest community means a common
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Leasehold common interest community means a common interest community in
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More Definitions of Leasehold common interest community

Leasehold common interest community means a common interest community in which all or a portion of
Sample 1Sample 2Sample 3
Leasehold common interest community means a common interest community in which all or a portion of the real estate is sub ject to a lease , the expiration or terminatio n of which will term inate the com mon interes t commun ity or reduce its size.
Sample 1Sample 2
Leasehold common interest community means a common interest community in vhich all or a portion of the real estate is subject to a lease, the expiration or termination of vhich vill terminate the common interest community or reduce its size.
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Related to Leasehold common interest community

  • Common interest community means a condominium, cooperative, or other real property with respect to which a person, by virtue of the person's ownership of a parcel of real property, is obligated to pay property taxes or insurance premiums, or for maintenance, or improvement of other real property described in a recorded covenant that creates the common interest community.

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Planned community means a common interest community that is not a condominium or a cooperative. A condominium or cooperative may be part of a planned community.