Vacant Unit definition

Vacant Unit. The Student must keep an available Unit ready for a Roommate to move in should they not have a current Roommate. Assigned furniture needs to be available, and the Unit needs to be kept in a clean, orderly and sanitary fashion, which is satisfactory to the Office of Residence Life. In the case that a vacancy occurs in a Unit, Student agrees to accept an assigned Roommate or move to another Unit at the request of the College. RESIDENCE/UNIT CHANGES Unit Changes: Unit changes are not permitted without prior approval from the Resident Director. Unit changes may not be made during the first or last three weeks of any semester. Requests for hall or Unit assignments/reassignments in violation of the College’s Non-Discrimination and Harassment Policy will not be honored by the Office of Residence Life. BUILDING MEETING
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Vacant Unit means any apartment or unit at the Property that is vacant as of the Closing Date and that was vacated by the Tenant most recently occupying such unit at least five (5) days prior to the Closing (i.e., if a unit becomes vacant less than five days prior to the Closing, it is not a "Vacant Unit" as to which Seller’s make ready obligations or Rent Ready Credit apply) and (iii) "Rent Ready Credit" shall mean $750.00 for each Vacant Unit not in Rent Ready Condition at Closing.
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Vacant Unit means any residential apartment unit at the Properties that is unoccupied as of the Closing Date and that was vacated by the tenant most recently occupying such unit at least three (3) Business Days prior to the Closing Date (i.e., if a unit becomes vacant less than three (3) Business Days prior to the Closing Date, it is not a "Vacant Unit" as to which Purchaser might be eligible to receive a credit). If requested by Purchaser, representatives of Sellers and Purchaser shall conduct a walk-through (the "Walk-Through") of the Properties on or around the third (3rd) Business Day prior to the Closing Date in order to determine the amount of such credit, if any, to be given to Purchaser.
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Examples of Vacant Unit in a sentence

  • The Vacant Unit Rule is the subject of IRS Revenue Ruling 2004-82, Answering 12 Questions About Low Income Housing Credit Under IRC Section 42 (see questions #8, #9 and #10), published August 30, 2004.

  • The Vacant Unit Referral Form (EXHIBIT 7-7) was developed to create a list of available units of which the program is aware.

  • Additionally, vacant units previously occupied by income-qualified households continue to qualify as LIHTC units as long as the owner properly follows the Vacant Unit Rule.

  • If a unit has never been occupied by an eligible household or has been vacated by a market rate household, that unit is not counted as a qualifying low-income unit.Please refer to The Code and the 8823 Guide for a complete explanation of implementing the Vacant Unit rule.

  • The owner or manager must be able to document attempts to rent the vacant units to eligible residents.The Vacant Unit Rule is applied on a property basis.

  • Seller shall use commercially reasonable efforts to deliver all apartment units which are vacant as of the Closing Date (each, a "Vacant Unit") in Rent Ready Condition (as hereinafter defined).

  • At Closing, Purchaser shall receive a credit against the Purchase Price in the amount of Five Hundred Dollars ($500) for each Vacant Unit which is not in Rent Ready Condition as of the Closing.

  • The Vacant Unit Rule is the subject of Revenue Ruling 2004-82, Answering 12 Questions About Low-Income Housing Credit Under I.R.C. Section 42 (see questions #8, #9, and #10), published August 30, 2004.

  • Please refer to The Code and the 8823 Guide for a complete explanation of implementing the Vacant Unit rule.

  • The Vacant Unit Referral Form (EXHIBIT 7-7) was developed to create a list of available units that the program is aware of.


More Definitions of Vacant Unit

Vacant Unit. A residential housing unit that does not have a tenant occupant. In order to be eligible for the NLRP Initiative, all the units contained in the Application must have been vacant by February 14, 2017. A landlord may not intentionally displace a tenant prior to application to the NLRP Initiative in order to be able to apply to the NLRP Initiative.
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Vacant Unit. A residential housing unit that does not have a tenant occupant. In order to be eligible for the RRDP, all the units contained in the Application must have been vacant prior to the date the NOFA is published. A landlord may not intentionally displace a tenant in order to be able to apply to the RRDP.
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Related to Vacant Unit

  • Management Unit means an area established by the Commission for management purposes.

  • Membership Unit means an outstanding common membership unit of the LLC.

  • apartment unit means any residential dwelling unit within a building containing three or more dwelling units where access to each residential unit is obtained through a common entrance or entrances from the street level and the residential units are connected by an interior corridor;

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Vacant Land means the land parcels described on Schedule A attached hereto.

  • Replacement unit means a landfill, surface impoundment, or waste pile unit from which all or substantially all of the waste is removed, and which is subsequently reused to treat, store, or dispose of hazardous waste. Replacement unit does not include a unit from which waste is removed during closure, if the subsequent reuse solely involves the disposal of waste from that unit and other closing units or corrective action areas at the facility, in accordance with a closure or corrective action plan approved by USEPA or the Agency.

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Vacant building means a building that has been vacant and

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • LLC Unit means a common limited liability interest in the Company.

  • Vacant Property means, individually, and “Vacant Properties” means, collectively, the Properties listed on Schedule XI attached hereto which are not leased to or occupied by any Tenant as of the Cut-Off Date.

  • Vacant means the dwelling lacks the necessary amenities, adequate furnishings, or utilities and services to permit occupancy of the dwelling as a residence.

  • Class B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Preferred Share means a share of stock of the General Partner of any class or series now or hereafter authorized or reclassified that has dividend rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the REIT Shares.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • OP Unit means a Partnership Unit which is designated as an OP Unit of the Partnership.

  • Heat unit means a unit of energy equal to the product of the peak kilovoltage, milliamperes, and seconds, i.e., kVp x mA x second.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • Family Unit means the Employee and his or her Dependents covered under the Plan.

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • REIT Share means a share of common stock, par value $.01 per share, of the General Partner.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.