Townhouse Unit definition
Examples of Townhouse Unit in a sentence
You accept the Townhouse in its present condition “as is,” subject to any repairs noted on the Townhouse Unit Condition Form that University agrees to make in writing.
Taking possession of the Townhouse without timely completion of the Townhouse Unit Condition Form is conclusive evidence that the Townhouse was in satisfactory condition at the time you took possession.
The Borrower shall pay to the Lender a fee for the Construction Loan in the amount of $1,350.00 for each Single Family Unit and $1,025.00 for each Townhouse Unit.
Within 14 days after taking possession of the Townhouse, you agree to inspect the Townhouse, which may occur pursuant to your move-in meeting with University’s property coordinator, complete the Townhouse Unit Condition Form, and notify the University of any damage or deficiencies found in the Townhouse.
No Townhouse Unit owner shall in any way change the elevation, exterior or color of any townhouse unit.
The Construction Loan fee will be paid in installments each in the amount of One Thousand Four Hundred Thirty-Four and No/100 Dollars ($1,434.00), each such installment to be paid at the time of the first draw of Construction Loan proceeds for each Townhouse Unit and each Single Family Unit.
The $190,000.00 per Townhouse Unit shall be escrowed with the Beneficiary as cash collateral for the Secured Indebtedness until the escrow account (the “LC Escrow”) equals 100% of the total amount of any Letters of Credit issued by the Beneficiary pursuant to the LC Facility set forth in the Loan Agreement.
Except for repairs covered by Section 9.3, all damages will be assessed at the time of move out, and you will be financially responsible to pay the costs to restore the Townhouse to the original condition indicated in the Townhouse Unit Condition Form.
Except for repairs covered by Section 10.3, all damages will be assessed at the time of move out, and you shall be financially responsible to pay the costs to restore the Townhouse to the original condition indicated on the Townhouse Unit Condition Form.
Upon the failure of any Owner to maintain those areas not the maintenance responsibility of the Association, the Association, through its agents and employees, is hereby granted the right to enter upon the Lot and into the Townhouse Unit thereon and make such reasonable repairs, maintenance, rehabilitation or restoration of the premises as may be necessary, and the costs thereof shall become a lien upon the Lot in the same manner as provided in Article VI hereof for nonpayment of maintenance assessments.