Multifamily Properties definition

Multifamily Properties means those Properties listed on Schedule 5 hereto. [List all properties of all Participating McNeil Partnerships not designated as "Commercial Properties" on Annex E to the Master Agreement.]
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Multifamily Properties. Includes multifamily dwellings such as apartment blocks, condominiums and cooperative owned buildings.
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Multifamily Properties means (i) any apartment Project of any Borrower or any Subsidiary thereof comprised of no less than fifty (50) individual units which Project can be operated as a single residential rental facility without necessity for sharing amenities (i.e., leasing offices, tennis courts, swimming pools and the like) with any other residential rental facility and (ii) any apartment Project of any Borrower or any Subsidiary thereof which Project can be operated as a single residential rental facility as a result of the sharing of amenities (i.e., leasing offices, tennis courts, swimming pools and the like) with any other adjoining apartment Project of any Borrower or any Subsidiary thereof.
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Examples of Multifamily Properties in a sentence

  • Lease Agreements for Multifamily Properties Multifamily properties can serve as a residence, however, the general purpose of the property type is for investment.

  • Subpart L of 24 CFR part 5 shall apply to the Assisted Units in Eligible Multifamily Properties.

  • For Eligible Multifamily Properties in which such units will receive an annual average of more than $5,000 of project-based rental assistance in any year, a lead risk assessment, followed by interim controls of any lead-based paint hazards identified must be conducted, and a reevaluation must be conducted every two years during the assistance period.

  • Subpart L of 24CFR part 5 shall apply to the Assisted Units in Eligible Multifamily Properties.

  • In addition, the Owner shall comply with HUD's Physical Condition Standards of Multifamily Properties of 24 CFR Part 200, Subpart P, including any changes in the regulation and related Directives.

  • Owner acknowledges that, after the Effective Date, the Owner is required to comply with the Physical Condition Standards and Inspection Requirements of 24 CFR Part 5, Subpart G and with HUD’s Physical Condition Standards of Multifamily Properties of 24 CFR Part 200, Subpart P, including any changes in the regulation and related directives.

  • For Eligible Multifamily Properties in which such units will receive an annual average of more than $5,000 of rental assistance in any year, a lead risk assessment, followed by interim controls of any lead-based paint hazards identified must be conducted, and a reevaluation must be conducted every two (2) years during the assistance period.

  • If the site of the comparable replacement dwelling lacks a major exterior attribute such as the site is much smaller or contains a swimming pool, etc., the value of such shall be subtracted from the acquisition cost of the displacement dwelling for purposes of computing the purchase price differential payment.• Mixed-use and Multifamily Properties (49 CFR 24.403(a)(7)).

  • Grantee however remains responsible and liable for enforcing all provisions of the RAC and the Cooperative Agreement.§ PRA.307 Housing Standards for Assisted Units.Eligible Multifamily Properties with Assisted Units must comply with:(a) Applicable State and local laws, codes, ordinances and regulations.

  • Eligible Multifamily Properties may only receive Section 811 PRA Demo funds if the housing assisted does not currently have an existing use restriction or a contractual obligation to serve persons with disabilities.


More Definitions of Multifamily Properties

Multifamily Properties means, with respect to any Person, (i) any apartment Property comprised of no less than fifty (50) individual units which Property can be operated as a single residential rental facility without necessity for sharing amenities, (i.e., leasing offices, tennis courts, swimming pools and the like) with any other residential rental facility and (ii) any apartment Property comprised of no less than fifty (50) units which Property can be operated as a single residential rental facility as a result of the sharing of amenities (i.e., leasing offices, tennis courts, swimming pools and the like) with any other adjoining apartment Property of such Person comprised of no less than fifty (50) units.
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Multifamily Properties means those Properties listed on Schedule 5 hereto. [List all properties of all Participating XxXxxx Partnerships not designated as "Commercial Properties" on Annex E to the Master Agreement.]
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Related to Multifamily Properties

  • Multifamily Property means any real property on which multifamily residential-use development has been constructed or is now or hereafter proposed to be constructed (for example, and not by way of limitation, a property of the type managed by the Company).

  • Multifamily housing means housing accommodations designed as a residence for more than 1 family.

  • Multifamily dwelling means a structure that contains more than one separate residential dwelling unit, which is used or occupied, or intended to be used or occupied, in whole or in part, as the home or residence of one or more persons.

  • Single Family Property A one-unit residential property.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

  • 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.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Real Properties means the real property owned by the Borrower or any of its Subsidiaries.

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Residential property means improved property that:-

  • Commercial property means property formerly or currently used primarily for business, retail, governmental or professional purposes.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Timberland means land, other than land owned by the federal government and land designated by the board as experimental forest land, which is available for, and capable of, growing a crop of trees of a commercial species used to produce lumber and other forest products, including Christmas trees. Commercial species shall be determined by the board on a district basis.

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • 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;