Renovation Standards definition

Renovation Standards means the maintenance, repairs, improvements and installations that are necessary for a Property to conform to applicable material Legal Requirements and not deviate materially from local rental market standards for the area in which such Property is located.
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Renovation Standards means the maintenance, repairs, improvements and installations that (i) are necessary for a Property to conform to applicable material Legal Requirements and (ii) do not deviate materially from local rental market standards for the area in which such Property is located.
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Renovation Standards means the maintenance, repairs, improvements and installations that are necessary (i) for a Property to conform to applicable material Legal Requirements and not deviate materially from local rental market standards for the area in which such Property is located, (ii) for a Property to conform to Requirements for Existing Housing One to Four Family Units (4905.1) or Minimum Property Standard for One and Two Family Dwellings (200.926) as applicable, as published by the U.S. Department of Housing and Urban Development, and (iii) to complete necessary maintenance, repairs, improvements and installations identified in the Scheduled Renovation Work for a Non-Stabilized Property.
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Examples of Renovation Standards in a sentence

  • Roofing systems included in the scope of this agreement will be single ply membrane, modified bitumen, asphalt shingle, architectural metal, tile, rubber, fiberglass and built-up roofing systems that are listed in the University’s Facilities Construction & Renovation Standards.

  • All materials shall meet or exceed the requirements set forth in the UCF Design, Construction, and Renovation Standards.

  • Any person, firm or corporation violating any of the provisions of the Colorado Model Energy Efficiency Construction and Renovation Standards for Nonresidential Buildings, or the Colorado Recommended Energy Conservation "Performance" Code for New Construction and Renovation of Residential Buildings, or of this chapter, shall be punished as provided in Chapter 1.16 of the Evans Municipal Code.

  • District Policy 7800 establishes a Green Building Policy and Major Renovation Standards.

  • The facility investment for the Campus Store must meet University of Central Florida’s Design, Construction, and Renovation Standards; must be approved in advance by the University; must comply with all procurement and permitting regulations and all laws; and must be coordinated by the contractor in conjunction with the University.

  • All construction and renovation work must comply with the latest version of the RCI Construction and Renovation Standards.

  • Collective action for managing natural resources: a manual for identifying stakeholders.

  • International Journal of Social Sciences and interdisciplinary Research, Vol.

  • In addition to providing affidavits to the United States and the Monitoring Trustee as required under Paragraph VII(A) and Paragraph VII(B), Defendants shall immediately notify the United States and the Monitoring Trustee verbally and in writing of any potential problems or delays in meeting any of the obligations set forth in this Final Judgment and the Stipulation and Order.

  • Responsibilities of the Facilities and Safety Design, Construction, and Renovation Standards Committee Update the UCF Design, Construction, and Renovation Standards on an semi-annual basis.


More Definitions of Renovation Standards

Renovation Standards. Those maintenance, repairs, improvements and installations that are necessary (i) for a Property to conform to the requirements of Applicable Law and not deviate materially from local rental market standards for the area in which such Property is located and (ii) for a Property to conform to Requirements for Existing Housing One to Four Family Units (4905.1) or Minimum Property Standard for One and Two Family Dwellings (200.926) as applicable, as published by the U.S. Department of Housing and Urban Development.
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Renovation Standards means the maintenance, repairs, improvements and installations that are necessary (i) for a REO Property to conform to applicable material Requirements of Law and not deviate materially (in a negative way) from local rental market standards for the area in which such REO Property is located and (ii) for a REO Property to conform to Requirements for Existing Housing One to Four Family Units (4905.1) or Minimum Property Standard for One and Two Family Dwellings (200.926) as applicable, as published by the United States Department of Housing and Urban Development.
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Renovation Standards means the maintenance, repairs, improvements and installations that are necessary for a Property to conform to applicable material Legal Requirements and not deviate materially from local rental market standards for the area in which such Property is located. “Rents” means, with respect to each Property, all rents and rent equivalents and any fees, payments or other compensation from any Tenant (except for security deposits or unearned amounts remitted by a prospective tenant to Borrower and held in escrow to reserve a Property; provided, that such amounts shall constitute Rent or Rents when they are earned, and may be retained, by Borrower and applied as rents or rent equivalents). “Repayment Date” means the date of a prepayment of the Loan pursuant to the provisions of Section 2.4. “Replaced Property” means either an Affected Property that is replaced with a Substitute Property under Section 2.4.3(a). “Replacement Management Agreement” means, collectively, (a) either (i) a management agreement with a Qualified Manager, substantially in the same form and substance as the Existing Management Agreement or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, that with respect to this clause (ii), (x) if such management agreement provides for the payment of management fees in excess of those fees provided for under the Existing Management Agreement, then Borrower shall have obtained a Rating Agency Confirmation with respect to such increase in management fees and (y) otherwise Lender, at its option, may require that Borrower obtain a Rating Agency Confirmation with respect to such management agreement, and (b) an assignment of management agreement and subordination of management fees substantially in the form of the Assignment of Management Agreement described in clause (i) of the definition thereof dated as of the date hereof (or such other form and substance reasonably acceptable to Lender and the Qualified Manager), each as it may be amended, restated, replaced, supplemented or otherwise modified from time to time. “Request for Release” means a request for release of a Property in connection with any Transfer of a Property, substantially in the form attached hereto as Exhibit D. “Request for Release of a Disqualified Property” means a request for payoff and release of a Disqualified Property in accordance with Section 2.4.3(a), substantially in the form at...
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Renovation Standards means (i) conformity of a Property to applicable Legal Requirements and to applicable building codes for the relevant Market in which such Property is located and (ii) conformity to the Manager’s internal policies and procedures for property rehabilitation and to all internal quality control requirements set forth in written documentation provided to the Administrative Agent prior to the Closing Date, as may be updated from time to time by written notice to the Administrative Agent (unless the Administrative Agent shall reasonably object to the proposed updates within five (5) Business Days of receipt).
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Renovation Standards means such requirements for the performance of maintenance, repairs, improvements and installations that are necessary for a Mortgaged Property to conform to applicable legal requirements and to cause such Mortgaged Property to be in a safe and habitable condition.
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Related to Renovation Standards

  • Network Connection Standards means the Distributor’s written technical and safety standards for connection of an Electrical Installation to the Network that are issued by the Distributor and updated from time to time, and include:

  • Generally applicable environmental radiation standards means standards issued by the U.S. Environmental Protection Agency (EPA) under the authority of the Atomic Energy Act of 1954, as amended, that impose limits on radiation exposures or levels, or concentrations or quantities of radioactive material, in the general environment outside the boundaries of locations under the control of persons possessing or using radioactive material.

  • Emission standard means specified limitations on the discharge of air contaminants into the atmosphere.

  • Design Standards means the standards developed as a requirement of the Programmatic Agreement

  • Renovation means altering a facility or one or more facility components in any way, including the stripping or removal of RACM from a facility component. Operations in which load-supporting structural members are wrecked or taken out are demolitions.

  • Modernization means the replacement and upgrading of existing facilities which increases the productive input or output, updates the technology or substantially lowers the unit cost of the operation. Modernization may result from the construction, alteration or installation of buildings, structures, fixed machinery or equipment. It shall not be for the purpose of reconditioning, refurbishing, or repairing.

  • Major renovation means the renovation of a building where:

  • Applicable Standards means the requirements and guidelines of NERC, the Applicable Regional Entity, and the Control Area in which the Customer Facility is electrically located; the PJM Manuals; and Applicable Technical Requirements and Standards.

  • Project Operational Manual means the Project Operational Manual, to be adopted in accordance with Section 6.01 (a) of this Agreement, giving details of guidelines and procedures agreed with the Association for the implementation, supervision, and monitoring and evaluation, of the Project, and the procurement procedures and guidelines for Sub-Projects, as same may be amended from time to time in agreement with the Association, and such term includes any schedules to the Project Operational Manual;

  • Technical Standards means the technical standards set out in paragraph 2.5 of the Order Form;

  • Remodeling means the alteration, construction or remodeling of partitions, hallways, stairways and means of egress, the replacement, relocation or reconstruction of heating, ventilating and sanitary equipment.

  • Alterations means all changes, additions, improvements or repairs to, all alterations, reconstructions, renewals, replacements or removals of and all substitutions or replacements for any of the Improvements or Equipment, both interior and exterior, structural and non-structural, and ordinary and extraordinary.

  • Base Building shall include the structural portions of the Building, the public restrooms and the Building mechanical, electrical and plumbing systems and equipment located in the internal core of the Building on the floor or floors on which the Premises are located. Tenant shall promptly provide Landlord with copies of any notices it receives regarding an alleged violation of Law. Tenant shall comply with the rules and regulations of the Building attached as Exhibit E and such other reasonable rules and regulations adopted by Landlord from time to time, including rules and regulations for the performance of Alterations (defined in Section 9).

  • Operating Standards shall have the meaning given such term in Section 2.1.

  • Tenant Improvements Defined in Exhibit B, if any.

  • public open space means the securing of an area of a site at grade or street level which is acceptable to the City and is appropriately landscaped for the use and enjoyment of the public during reasonable hours.

  • Pretreatment standards means all applicable Federal rules and regulations implementing Section 307 of the Act, as well as any nonconflicting State or local standards. In cases of conflicting standards or regulations, the more stringent thereof shall be applied.

  • Plans and Specifications means the plans, drawings and specifications reasonably necessary to properly assess and review proposed Work prior to issuance of any approval that may be required under this Agreement;

  • Operational Manual means the manual referred to in Section 3.03 of this Agreement;

  • Uniform standard means a standard adopted by the Commission for a Product line, pursuant to Article VII of this Compact, and shall include all of the Product requirements in aggregate; provided, that each Uniform Standard shall be construed, whether express or implied, to prohibit the use of any inconsistent, misleading or ambiguous provisions in a Product and the form of the Product made available to the public shall not be unfair, inequitable or against public policy as determined by the Commission.

  • Building Plans mean the general building plans and specifications in respect of the Development or in respect of any part or parts of the Development prepared by the Authorized Person and approved by the Building Authority and include any approved amendments thereto;

  • Private Improvements means the improvements to be constructed on the Property that are not Public Improvements.

  • Tenant Improvement Work means the construction of the Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Tenant Improvements.

  • Service Level Standards has the meaning ascribed thereto in Section 2.1 hereof.

  • Technical standard means a document that specifies design, predicted performance and operation and maintenance specifications for a material, device or method.

  • Community-Wide Standard means the standard of conduct, maintenance or other activity generally prevailing in the Community. Such standard may be more specifically determined by the Board of Directors of the Association. Such determination, however, must be consistent with the Community-Wide Standard originally established by the Declarant.