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 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.

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

Examples of Property interest in a sentence

• Developer is advised that in some cases reimbursement of the Utility Owner's acquisition costs for a Replacement Utility Property Interest will satisfy this requirement.

• OPTIONS/CONDEMNATION/QUICK-TAKES: Owner(s) Property Interest Amount Dept.

• Developer shall pay any compensation due to the Utility Owner and all costs and expenses associated therewith (including any incurred by TxDOT on Developer's behalf for eminent domain proceedings or otherwise) in accordance with Section 7.4. Developer shall carry out the same duties for acquisition of an Existing Utility Property Interest, as are assigned to Developer in Section 7.4 and Section 7 of the Technical Provisions for the acquisition of any other necessary real property interests.

• Gain derived by a non-U.S resident from the disposition of a U.S Real Property Interest (USRPI) may be treated as income that is effectively connected with the conduct of a U.S trade of business and thus subject to U.S federal income tax (and to a requirement to file a U.S. income tax return) under the Foreign Investment in Real Property Tax Act (FIRPTA).

• The Parties hereby represent to the Escrow Agent that (i) there is no sale or transfer of an United States Real Property Interest as defined under IRC Section 897(c) in the underlying transaction giving rise to this Agreement; and (ii) such underlying transaction does not constitute an installment sale requiring tax reporting or withholding of imputed interest or original issue discount to the IRS or other taxing authority.

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 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.

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.