MPDU Covenants definition

MPDU Covenants or “Covenants” means a Declaration of Covenants recorded in the Land Records of Montgomery County subjecting the MPDUs on a property to the restrictions required by Chapter 25A.
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MPDU Covenants. At or before the time of the execution of this Agreement by the Applicant, the Applicant must provide DHCA with signed MPDU Covenants, in recordable form as provided by DHCA, subjecting the MPDUs in the subdivision or development to the requirements of Chapter 25A. The MPDU Covenants will be recorded in the Land Records by the County as soon as practicable, at the County's expense. DOCUMENTS: Within 30 days from the date of execution of a Lease Agreement for each MPDU, the Applicant must provide DHCA with the following documents: 1) a copy of the signed MPDU Renter’s Agreement; and 2) a copy of the signed MPDU Xxxxx Xxxxxxxx. The MPDU Renter’s Agreement and the MPDU Lease Addendum must be in the format required by DHCA, and the format may be amended by DHCA from time to time. The MPDU Renter’s Agreement, as currently approved by DHCA, is attached hereto as Schedule F, and the MPDU Lease Addendum is attached hereto as Schedule G. ATTACHMENTS: Attached hereto and made a part hereof are the following documents and/or schedules: Identification of Units Being Offered: Lot or parcel and block, property tax identification number(s), addresses, unit numbers, number of bedrooms, number of baths, approved rent, and date of availability for rent of the MPDUs (Schedule A); Unit Description: Size and number of bedrooms, rental price, and amenities (Schedule B); General Information Sheet (Schedule C); Summary of Unit Distribution by Floor and Unit Type: A summary chart of locations and bedroom composition of MPDUs and market units (Schedule D); Floor Plans: One (1) 8 ½” x 11” copy of each unit layout (including dimensions and square footage) for each MPDU unit type, and a typical building floor plan showing locations of MPDUs (Schedule E); MPDU Renter’s Agreement (Schedule F); MPDU Lease Addendum: Applicant must include the MPDU Lease Addendum in the Lease Agreement for each MPDU (Schedule G); Copy of Signed MPDU Covenants: Also provide signed unrecorded original if not previously provided (Schedule H); Subdivision Record Plat(s): One (1) 8 ½” x 11” copy (Schedule I); and Certified Site Plan: One (1) full-sized folded copy and one (1) 8 ½” x 11” reduced copy of cover sheet, composite, and specific sheets showing MPDUs in current offering (Schedule J). ADDITIONAL DOCUMENTS: Applicant must execute such additional documents as may be necessary or required to effectuate the intent and purpose of this Agreement and Chapter 25A.
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Examples of MPDU Covenants in a sentence

  • During these 30 years, the MPDU is controlled by the MPDU Covenants for the property.

  • The deed transferring title must reference on the first page of the deed the recorded MPDU Covenants by the date the Covenants were recorded and the book and page recording references.

  • Failure of the MPDU Owner to notify the Department of a sale, obtain a determination of excess proceeds, and pay the required portions of the excess proceeds to the Housing Initiative Fund constitutes a default under the MPDU Covenants, this regulation, and Chapter 25A.

  • The Department must release the MPDU Covenants and liens recorded in the land records after the County has received the required payment to the Housing Initiative Fund and the settlement documents.

  • The Applicant must sign and forward MPDU Covenants in recordable form to the Department before selling or renting any MPDUs. The Covenants must be in the form required by the Department and include the restrictions contained in Chapter 25A.

  • A draft copy of the applicable MPDU Covenants, either rental or sales.

  • Every deed transferring an MPDU must reference the MPDU Covenants on the first page of the deed citing where the Covenants are recorded in the land records by book and page.

  • The MPDU Covenants will be recorded in the Land Records by the County as soon as practicable.

  • A new MPDU Covenant form must be recorded subjecting the substitute unit to the MPDU Covenants.

  • At or before the time of the execution of this Agreement by the Applicant, the Applicant must provide DHCA with signed MPDU Covenants, in recordable form, subjecting the MPDUs in the subdivision or development to the requirements of Chapter 25A.

Related to MPDU Covenants

  • Covenants means the covenants set forth in Section 4 of this Agreement. To acknowledge your agreement to and acceptance of the terms and conditions of this Agreement, please sign below in the space provided within five (5) days of the date of this Agreement and return a signed copy to my attention. If the Agreement is not signed and returned within (5) days, the terms and conditions of this Agreement will be deemed withdrawn. Sincerely, MEDQUIST INC. By: Xxxxx X. Xxxxxxx President Accepted and Agreed:

  • Negative Covenants The Postpetition Financing Documents shall contain negative covenants of the Borrower acceptable to the Lender.

  • Financial Covenants means the covenants set forth in Section 6.2.

  • Covenant Testing Period means the period commencing on the last day of the fiscal month of Borrower most recently ended prior to the occurrence of a Fixed Charge Test Commencement Date for which month Borrowers have delivered to Agent monthly financial statements of Solutions and its Subsidiaries, and continuing until the Termination Date has occurred.

  • Environmental covenant means a servitude arising under an environmental response project that imposes activity and use limitations.

  • Waiver Period ’ means, for each applicable fee, the period of time from the initial effective date of the MIAX Emerald Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Additional Covenant means any covenant in respect of the financial condition or financial position of the Company, including, but not limited to, covenants that specify or require the maintenance of certain financial ratios applicable to the Company, and the default provision related thereto (regardless of whether such provision is labeled or otherwise characterized as a covenant or a default).