Model Home definition

Model Home means a dwelling which is not occupied for human habitation but is used for the purpose of display to the public and where a portion of this dwelling may be used as a sales office for the dwelling units to be constructed on lots within a plan of subdivision.

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Model Home means a new uninhabited single detached dwelling, semi-detached dwelling or street townhouse unit which is constructed to the requirements and provisions of the zoning category in which the model is proposed and is situated on lands in a draft approved plan of subdivision, with or without service connections, for the purpose of display and sale of the dwelling units to the general public.

Model Home means a single-detached dwelling, semi-detached dwelling or townhouse block used in the interim for the sole purpose of an office and/or show room and/or sales centre to promote the sale of residential units within a draft approved plan of subdivision proposed for registration.

Examples of Model Home in a sentence

• Builder shall acquire the Model Home Homesites in accordance with this Agreement, subject to the rights of Builder to commence vertical construction of residences on and subject to the terms of this Agreement.

• Any permissions granted by the Model Home Agreement shall be included in the Conditional Building Permit for the one (1) lot.

• The term “Prior Owners” means, collectively, DOA Properties III (Models), LLC and GMAC Model Home Finance, LLC.

• In addition, notwithstanding whether Loan proceeds are used to acquire or construct a Model Home, the number of Model Homes (whether or not the construction thereof is financed by Lender) owned by Borrower in a particular section, division, phase or other portion of an Approved Subdivision (as determined by Lender) shall not exceed two (2).

• Any permissions granted by the Model Home Agreement shall be included in the 10% allotment.

More Definitions of Model Home

Model Home means, with respect to each Qualified Project to be financed hereunder, a Home constructed and furnished initially for inspection by prospective purchasers, which Model Home will not be sold until all of the other Homes of its respective plan type in said Project are sold, and which otherwise shall remain as collateral for the Loan until the Loan is paid in full. If permitted by Lender in its sole discretion for any Project, a Model Home may be sold and leased back to Borrower pursuant to a lease that is assigned to Lender and that is acceptable in form and content to Lender and, in such event, said Model Home shall remain as a model for said Project to be used for the marketing of the Project until all Homes in the Project of the same plan type as said Model Home have been sold.

Model Home means a dwelling unit to be used for display purposes only subject to approval as per the City of Brampton Zoning By-law 270-2004, as amended; (124-2005)

Model Home means a new uninhabited dwelling unit constructed to the requirements and the provisions of the zone category in which the lot upon which the model home is situated or as specified by by-law and is used only for the purposes of displaying the architectural design, materials and interior design or decorating of homes, for the purpose of selling homes to the general public

Model Home means a dwelling unit used initially for display purposes which typifies the type of units that will be constructed in the subdivision and which will not be permanently occupied during its use as a model.

Model Home means a single family residence built or to be built by Borrower in an Approved Subdivision for the purpose of marketing Borrower’s home inventory to prospective purchasers and not for immediate sale, whether or not the construction thereof is financed by Lender. For Model Homes financed by Lender hereunder, the term “Model Home” includes the Lot upon which such Home is located.

Model Home means a dwelling used as a temporary on-site sales office for a residential development under construction.

Model Home. A Construction Project which (a) is a single family home or a unit in a two to eight unit multifamily structure, (b) not a Pre-Sold Home, and (c) will be used as a model home by Borrower.