Restricted Common Properties definition

Restricted Common Properties means and refer to those tracts of land with any improvements thereon which are actually deeded or leased to the Association and designated in such deed or lease as "Restricted Common Properties". All Restricted Common Properties are to be devoted to and intended for the common use and enjoyment of "Residents" and Type A members of the Association, as defined in Section 2 of Article III, guests accompanying such Residents or members and the Company. All use of Restricted Common Properties shall be subject to the fee schedules and operating rules adopted by the Association. Any lands which are leased by the Association for use as Restricted Common Properties shall lose their character as Restricted Common Properties upon the expiration of such lease.
Sample 1
Restricted Common Properties means and refer to those tracts of land with any improvements thereon which are actually deeded or leased to the Association and designated in such deed or lease as "Restricted Common Properties." All Restricted Common Properties are to be devoted to and intended for the common use and enjoyment of Owners of Residential Lots and Family Dwelling Units, their immediate families, guests accompanying such Owners, tenants of such Owners holding leases of 9 month duration or longer, and the Company, and to be closed to use of (1) tenants of such Owners holding leases less than 9 months duration; (2) resort accommodation "paying guests" ; (3) visiting members of the general public; with all use of Restricted Common Properties to be subject to the fee schedules and operating rules adopted by the Association. Any lands which are leased by the Association for use as Restricted Common Properties shall lose their character as Restricted Common Properties upon the expiration of such lease.
Sample 1
Restricted Common Properties means and refer to those tracts of land, with all improvements thereon", which are designated as "common property" or `common area" on any map of a portion of the Project which is owned by or under the control and jurisdiction of a "Sub- Association" and which is reserved or restricted for the common use and enjoyment of the members of such Sub-Association and/or their guests and invitees, or, in the case of an apartment development, is reserved or restricted for the common use and enjoyment of the tenants of such development and/or their guests and invitees.
Sample 1

Examples of Restricted Common Properties in a sentence

  • The Property Owner shall at its expense develop and provide roads and other related infrastructure, and, as to Real Property on Kiawah Island, pursuant to and at such times required by the KICA Covenants, transfer same to the KICA if they are intended to be KICA Common Properties or Purchased Common Properties or Restricted Common Properties.

  • Subject to the provisions of these covenants, the rules and regulations of the Association, and any fees or charges established by the Association, every Type A and D Member, but not Type B or C Member and every Resident Lessee and Company employee have a right and easement of enjoyment in and to the "Restricted Common Properties" and such easement shall be appurtenant to and shall pass with the title or lease of every Family Dwelling Unit.

  • However, additions to the Common Properties or Restricted Common Properties requires approval by three-fourths (3/4) of the Member votes.Owners of each type of property shall pay a special assessment in an amount that is proportionate to their share for annual assessments.

  • The ARB shall review for approval the plans and specifications for new construction, additions, alternations, landscaping and drainage on all residential lots, Common Properties, and Restricted Common Properties.

  • It is the purpose of this provision to provide that the Association shall be responsible for all maintenance of Common Properties and Restricted Common Properties upon which all improvements required to be made by the Company have been completed, notwithstanding the fact that the Company is not obligated to convey or lease such properties to the Association until two years after such improvements have been completed thereon.

  • It is also intended that the liability of any Member arising out of any contract made, action taken or omission by the Agents or out of the aforesaid indemnity in favor of the Agents shall be limited to such proportions of the total liability thereunder as his interest in the Common Properties and Restricted Common Properties bears to the interest of all Members in the Common Properties and Restricted Common Properties.

  • Once conveyed to the Association, these properties shall become Common Properties or Restricted Common Properties, as the case may be.

  • In third place followed the alternative “Personal offers (discounts, bonus checks etc that can be used both online and in store)”, which 45,1 % of the sample picked, while 9,8 % do care about the fact that it is same price on the item in store and online.

  • It is the purpose of this provision to provide that the Association shall be responsible for all maintenance of Common Properties and Restricted Common Properties upon which all improvements made by the Company, if any, have been completed and the property has been conveyed or leased to the Association.

  • The AIPCA Board of Directors has the power and authority to adopt rules and regulations (“Rules and Regulations”) governing the use of Common Properties, Restricted Common Properties and facilities and the personal conduct of AIPCA members, their tenants and guests while at Amelia Island Plantation (“AIP”).


More Definitions of Restricted Common Properties

Restricted Common Properties means and refer to those tracts of land with any improvements thereon which are deeded or leased to the Corporation and designated in such Deed or lease as "Restricted Common Properties". The term "Restricted Common Properties" shall also include any personal property acquired or leased by the Corporation if said property is designated a "Restricted Common Property". All Restricted common Properties are to be devoted to and intended for the common use and enjoyment of Type "A" Members of the Corporation, with all use of Restricted Common Properties to be subject to the fee schedules and operating rules adopted by the Corporation. Any lands or personal property which are leased by the Corporation for use as Restricted Common Properties shall lose their character as Restricted Common Properties upon the expiration of such lease.
Sample 1

Related to Restricted Common Properties

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • Real Properties means the real property owned by the Borrower or any of its Subsidiaries.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Owned Properties has the meaning set forth in Section 3.16.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Residential property means improved property that:-

  • hazardous properties means radioactive, toxic or explosive properties.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Qualified buildings means construction of new structures,

  • Material Properties means (a) those Mortgaged Properties designated on Schedule 3.12 as Material Properties and (b) each other Mortgaged Property with respect to which a Mortgage is granted pursuant to Section 5.11 after the Restatement Effective Date.

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Qualified building means a building built at least 30 years before the date of application, located within a designated downtown or, village center, or neighborhood development area, which, upon completion of the project supported by the tax credit, will be an income-producing building not used solely as a single-family residence. Churches and other buildings owned by religious organization may be qualified buildings, but in no event shall tax credits be used for religious worship.

  • Additional Properties means any oil and natural gas assets or related interests that are acquired by any member of the Partnership Group pursuant to an Acquisition.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Company Properties shall have the meaning set forth in Section 4.15.1.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Qualified business facility means any building, complex of