Residential real property definition

Residential real property means real property improved with not less than one nor more than four residential dwelling units: units in residential cooperatives; or, condominium units including the limited common elements allocated to the exclusive use thereof that form an integral part of the condominium unit. The term includes a manufactured home as defined in subdivision (53) of Section 9-102 of the Uniform Commercial Code that is real property as defined in the Conveyance and Encumbrance of Manufactured Homes as Real Property and Severance Act.

Residential real property means real property used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons improved by (i) a one-to-four family dwelling or (ii) condominium or cooperative apartments but shall not refer to unimproved real property upon which such dwellings are to be constructed.

Residential real property means real property classified as residential real property under section 34c.

Examples of Residential real property in a sentence

• Any Claim where the Property is not, as of the date the Loan is Closed, on the Effective Date, and on the date the Claim is filed, Residential real property.

• The following words and phrases have the meanings given to them in this Section: (a) "Residential real property" or "residential real estate" shall mean any real property located in Illinois, upon which is constructed or intended to be constructed a dwelling.

• Subclass definitions are fairly straight-forward and are found in section 137.016 RSMo. Residential real property is assessed at 19% of its market value.

• Residential real property" means real estate consisting of one or not more than 4 residential dwelling units.[PL 1999, c.

• Residential real property occupied by its owner (not engaged in trade or business) is exempt from property taxes only on the first $15,000 of the assessed value (at 1957 market prices).

More Definitions of Residential real property

Residential real property means both improved and unimproved residential real property.

Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

Residential real property means real property located in this state, used for residential purposes, and improved or to be improved by a residential structure. Residential real property includes a mobile home, a mobile home park, and a mobile home condominium project. When the terms "rehabilitate" or "rehabilitation" are used in conjunction with residential real property, residential real property refers to property improved by a residential structure.

Residential real property means property which satisfies at

Residential real property means any real property, the use of which is limited by law, covenant or otherwise to primarily residential or recreational purposes.

Residential real property means real property containing living accom- modations, whether used on a perma- nent or transient basis, and may in- clude furniture or fixtures if required as a condition of purchase of the in- vestment contract or if subject to the approval of the issuer.

Residential real property means real property located in the State of South Carolina upon which there is located or is to be located one or more single‑family dwellings or dwelling units that are to be occupied as the owner’s dwelling, and includes real estate and residential manufactured home (land/home) transactions.