Property (real estate) definition

Property (real estate) means a lot, plot, or parcel of land. In addition it includes the public right-of-way directly abutting the lot, plot or parcel of land, which is the area located between the property line and the inside the curb or the street edge of pavement or gravel, if no curb exists.
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Examples of Property (real estate) in a sentence

  • Seller will be responsible for and pay all applicable withholding taxes required to be paid by Seller under applicable law with respect to its sale of the Property, real estate transfer and sales taxes, documents stamps or recording tax on the recording of the deed, one-half (1/2) of Escrow Holder’s fees and charges, the premium for the basic owner’s title insurance policy, and other expenses customarily paid by the Seller in the state in which the Property is located.

  • Operating Expenses shall not include costs paid directly by Tenant, principal and interest payments on loans secured by deeds of trust recorded against the Premises or the Property, real estate sales or leasing brokerage commissions, or executive salaries of off-site personnel employed by Landlord except for the charge (or pro rata share) of the property manager of the Property.

  • Any unpaid accrued rents, percentage rents and reimbursements for common area maintenance charges, insurance premiums and other lease charges owing from Publix for the calendar year during which this transaction closes shall be prorated as of the Closing date and in regard to real estate taxes, such proration shall be based upon the Property real estate taxes for the prior calendar year (unless the tax ▇▇▇▇ for the year of Closing is available).

  • With respect to each REO Property, real estate taxes and condominium maintenance fees due and payable in the year of the Cut-off Date shall be prorated between Seller and Purchaser on a calendar year basis to the Cut-off Date.

  • If this Agreement is not executed by the closing date on the Grand Appliance Property real estate transaction, then this Agreement and the contract for sale of the Grand Appliance Property by the Village to Developer shall be null and void.

  • This information, which may also include transaction status, will be insufficient on its own to permit identification of the Property, real estate associated with a Contract, or the Seller.

  • With respect to each REO Property, real estate taxes and homeowner’s association and condominium fees due and payable in the year of the Cut-off Date shall be prorated between Seller and Purchaser on a calendar year basis to the Cut-off Date.

  • As to the Non-Leaseback Property, real estate taxes and assessments allocable to the payment period that includes the Closing Date on the Non-Leaseback Property, personal property taxes, if any, rental income and all other items of income and expense with respect to the Non-Leaseback Property shall be prorated between Seller and Buyer as of the Closing Date on the Non-Leaseback Property.

  • To the extent the Leases provide that the Tenants thereunder are required to reimburse the lessor for a portion of operating and maintenance expenses of the Property, real estate taxes and insurance premiums (collectively, “CAM Charges”) for such periods as are set forth in the respective Leases, Seller and Buyer agree that such CAM Charges shall be prorated as of the Closing Date utilizing Seller’s actual 2016 monthly CAM Charges.

  • If the events described in this Section are not satisfied by the closing date on the Jump Around Property real estate transaction, then this Agreement and the contract for sale of the Jump Around Property by the Village to Developer shall be null and void.