Unimproved property definition
Unimproved property means property upon which no residential, commercial, or other building has been built.
Unimproved property means property upon which no residential,
Unimproved property means property upon which no residential, commercial, or
Examples of Unimproved property in a sentence
While the Lessee is not in default hereunder, Lessee, at its option, may request the Issuer to obtain from the Trustee the release of any of the Unimproved portion of the Project Site not needed by the Issuer or the Lessee as a part of the Project and not useful in the leasing or in the maintenance and care of the Project, and the Issuer shall, pursuant to Section 605 of the Indenture, apply to the Trustee for a release of said Unimproved property.
More Definitions of Unimproved property
Unimproved property means property on which no immovable improvements have been erected: Provided that improvements for the supply of water, electricity, sewer and suchlike services to the property and negligible improvements shall be disregarded for purposes of determining whether or not property is unimproved;
Unimproved property or “Vacant Land” means any real estate, lot, tract, parcel or plot of land on which is located no structure or facilities in which sanitary sewage originates.
Unimproved property means a Property acquired by the Lessor which either consists entirely of Land or consists of Land and Improvements but the existing Improvements are not suitable as of the Property Closing Date for occupancy by the Lessee and the operation by the Lessee of a Store therein.
Unimproved property means land on which no improvements have been effected.
Unimproved property means that certain parcel of land --------------------- containing approximately 23.996 acres designated as "Lot 2" on the subdivision plan referred to in paragraph D of this Section 1.1.
Unimproved property means any vacant lot located within the Village.
Unimproved property means any vacant lot located within the Assessment Area of the Village.