Immovable Property Clause Samples
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Immovable Property. 1. Income from immovable property may be taxed in the Contracting State in which such property is situated.
2. The term "immovable property" shall be defined in accordance with the law of the Contracting State in which the property in question is situated. The term shall in any case include rights to variable or fixed payments as consideration for the working of, or the right to work, mines, oil ▇▇▇▇▇, quarries or other places of extraction of natural resources. Ships, boats and aircraft shall not be regarded as immovable property.
3. The provisions of paragraph 1 shall apply to income derived from the direct use, letting or use in any other form of immovable property.
4. The provisions of paragraphs 1 and 3 shall also apply to the income from immovable property of an enterprise and to income from immovable property used for the performance of professional services.
Immovable Property. Art. 22 Purchase and retention of immovable property
1. Nationals of a Party who have acquired immovable property in the other Party in accordance with national law before the specified date shall retain the right to hold that property as provided in Article 25 of Annex I to the FMOPA.
2. Nationals of a Party who have established a temporary residence right or a residence right before the specified date in the other Party shall be entitled to acquire immovable property as provided in article 25 of Annex I to the FMOPA on or after the specified date, provided that at the time of purchase the residence right persists and that the national of a Party has his principal residence in the host State.
3. Nationals of a Party who were frontier workers in the other Party prior to the spec- ified date and who have retained their status as frontier workers shall be permitted to acquire immovable property in the other Party in which they are frontier working as provided in Article 25 paragraph 3 of Annex I to the FMOPA.
Immovable Property. Enter into any acquisitions or leases of immovable property, including new leases and lease extensions; or
Immovable Property. The parties have purchased a common home as set out in clause 1.1.2 above. The parties further record that [insert details] paid the deposit of [insert amount] plus conveyancing costs and transfer duty as set out in the conveyancer’s account for the purchase of the property. The balance of the purchase price was obtained from mortgage bond finance and the parties hereby agree that [insert details] shall pay the bond repayments for the common home.
Immovable Property. All of the property described below, together with any and all buildings, improvements, structures, other constructions or fixtures located therein or thereon and any and all rights, ways, privileges, servitudes, appurtenances, advantages, riparian rights, alluvion and accretions, appertaining or in anywise belonging thereto including, without limitation, any portion of such land lying within the right-of-way of any publicly dedicated street, roadway, or alleyway (collectively, the “Immovable Property”): Legal Description: Street Address:
Immovable Property. The Group owns no immovable property.
Immovable Property. (1) Income from immovable property may be taxed in the Contracting State in which such property is situated.
(a) The term "immovable property" shall, subject to the provisions of subparagraph
(b) of this paragraph, be defined in accordance with the law of the Contracting State in which the property in question is situated.
Immovable Property. All present and future immovable property of the Grantor, and all rights of the Grantor in any immovable property, together with all property which may be or become incorporated therewith or permanently physically attached or joined thereto so as to ensure the utility thereof or which is used by the Grantor for the operation of its enterprise or the pursuit of its activities (including heating and air conditioning apparatus and watertanks) and all other property which becomes immovable by the effect of law, including by way of accession, and all real rights relating to or attaching to such immovable property (collectively, the “Immovables”).
Immovable Property. Section 3.8 of the Disclosure Schedule lists all real property owned by the Company and ▇▇▇ Group Companies (“Owned Real Property”). Section 3.8 of the Disclosure Schedule also lists all real property leased from or to a third party by the Company or any ▇▇▇ Group Companies (“Leased Real Property”). Except as set forth on Section 3.8 of the Disclosure Schedule, the Company or one of the ▇▇▇ Group Companies has a valid and subsisting title to all Owned Real Property and/or has a valid and subsisting leasehold estate in, and enjoys peaceful and undisturbed possession of, all Leased Real Property, subject only to any (i) Permitted Encumbrance, and (ii) except where the failure to have such interests or possession would not, individually or in the aggregate, reasonably be expected to materially impair the Company or the ▇▇▇ Group Companies use of such parcel of Owned or Leased Real Property for the uses for which it is currently intended.