Multifamily Property definition

Multifamily Property means a Property improved with, and from which at least 80% of the rental income is derived from, residential apartments, which may include a Property that is a part of a Mixed-Use Project.

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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 Property. A multifamily residential rental property consisting of five or more dwelling units.

Examples of Multifamily Property in a sentence

• An accurate and complete Rent Roll in all material respects as of the date of inclusion of each Multifamily Property as an Unencumbered Asset with respect to all Leases of any portion of such Unencumbered Asset has been provided to Agent.

• The term "Multifamily Property" for purposes of this Agreement and any renewal of this Agreement shall mean any real property on which an upscale multifamily residential-use development has been constructed or is under construction as of the date of this or any renewal of this Agreement.

• During the Covenant Period, Executive agrees not to engage in any manner, whether as an officer, employee, owner, partner, stockholder, director, consultant or otherwise -- directly or indirectly -- in any business which engages or attempts to engage, directly or indirectly, in the acquisition, development, construction, operation, management or leasing of any Multifamily Property within a 30-mile radius of any Company Project.

• Subject to compliance with the terms and limitations set forth below, and the terms, representations and warranties and the covenants in the Agreement (including applicable Exhibits), each of the following Mortgage Loans is an Eligible Loan for purposes of the Agreement: Definition: A permanent Mortgage Loan on a Multifamily Property originated by Borrower under ▇▇▇▇▇▇ Mae’s Delegated Underwriting and Servicing Guide.

• Multifamily Property: A residential property that contains five or more dwelling units.

More Definitions of Multifamily Property

Multifamily Property means real property that contains or that will contain more than 4 dwelling units.

Multifamily Property means a Property on which the improvements consist primarily of an apartment community.

Multifamily Property. A residential or mixed-use property, such as rental apartment buildings or projects containing five or more units.

Multifamily Property for purposes of this Agreement and any renewal of this Agreement shall mean any real property on which an upscale multifamily residential-use development has been constructed or is under construction as of the date of this or any renewal of this Agreement.

Multifamily Property. Any real property that contains or that will contain more than one hundred (100) dwelling units and in which no more than five percent (5%) of the net rentable area is rented to, or to be rented to, non-residential tenants.

Multifamily Property means real property that contains or that will contain more than four (4) dwelling units in improvements that are substantially complete and in which no more than 20% (or such lesser amount as will not exceed applicable ▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ Mac or FHA limits) of the net rentable area is rented to, or to be rented to, non-residential tenants.

Multifamily Property means any residential premise with threefive or more attached units with shared service.