Property interest definition

Property interest means the direct ownership of real property and includes any percentage of ownership less than total ownership.

Property interest means the title to or any other interest in lands or any easement through or other interest in air space.

Property interest means a person’s ownership or control of a lot, parcel, unit, share, use in a development, including any right in a subdivided or unsubdivided land, a cemetery plot, a condominium, a time-share interval, a membership camping contract, or a stock cooperative.

Examples of Property interest in a sentence

• Forest Owner shall ensure that all future deeds, mortgages, leases, subleases and other instruments or encumbrances which may Transfer a Property Interest to another party: (i) incorporate by reference this Agreement and the Forest Project Protocols and (ii) specifically state that the Property Interest thereby Transferred is subject to this Agreement, the Forest Project Protocols and the Access Easement.

• This Section 7 shall apply if Forest Owner Transfers a Property Interest in all, or any portion, of the Property.

• Once a Property Interest has been Transferred, the Assignee shall be deemed to be a "Forest Owner" under this Agreement and require any future party holding, owning or acquiring a Property Interest to assume this Agreement in accordance with this Section 7.

• Assignor is Transferring the Property or a Property Interest to Assignee.

• This Agreement shall be binding upon the Parties hereto and their successors, successors in interest, assigns and any other party holding, acquiring, or owning a Property Interest.

More Definitions of Property interest

Property interest means any interest or right in real property in the state.

Property interest means an interest of any kind in any property or asset, whether real, personal or mixed, and whether tangible or intangible.

Property interest means the proportional ownership interest in Diamond Growers attributable to a Member, calculated by Diamond Growers pursuant to Section 2.11 of Diamond Growers’ bylaws. Such calculations by Diamond Growers shall be final and conclusive and binding on the Members.

Property interest means the freehold interest (including a freehold estate in commonhold land) or the leasehold interest in the property that the seller is proposing to sell(12);

Property interest is either a fee simple interest in the Property or an interest in the trees and standing timber located on the Property; provided, however, that no security interest held by a third-party mortgagee in connection with Qualified Financing will constitute a “Property Interest” hereunder.

Property interest or “Property Interests”—as defined in Section 3.19(a).

Property interest is either a fee simple interest in the Property or an interest in the trees and standing timber located on the Property. A "Reversal" exists if the Reserve determines that the difference between the Carbon Stocks and the Baseline for the Forest Project (such difference a "Net Carbon Reduction") for a given year is less than the Net Carbon Reduction for the year immediately preceding the given year.