Common use of Multiple Units Clause in Contracts

Multiple Units. If this contract is for a Property that is a duplex, triplex, or fourplex dwelling, the invoice must reflect said property type in order for all of the units to be covered. Equipment that serves multiple units will only be covered if all Property units are covered by a Contract as of the repair request date. When multiple units are covered, each individual unit is subject to its own maximum annual coverage limits as identified above.

Appears in 45 contracts

Sources: Standard Real Estate Buyer’s Terms and Conditions, Standard Homeowner’s Terms and Conditions, Standard Real Estate Buyer’s Terms and Conditions

Multiple Units. If this contract is for a Property that is a duplex, triplex, or fourplex dwelling, the invoice must reflect said property type in order for all of the units to be covered. Equipment that serves multiple units will only be covered if all Property units are covered by a Contract as of the repair request date. When multiple units are covered, each individual unit is subject to its own maximum annual coverage limits as identified above. However, the overall contract coverage is limited to the amount stated in Section 3a.

Appears in 10 contracts

Sources: Standard Homeowner’s Terms and Conditions, Standard Homeowner’s Terms and Conditions, Standard Real Estate Buyer’s Terms and Conditions

Multiple Units. If this contract is for a Property that is a duplex, triplex, or fourplex dwelling, the invoice must reflect said property type in order for all of the units to be covered. Equipment that serves multiple units will only be covered if all Property units are covered by a Contract as of the repair request date. When multiple units are covered, each individual unit is subject to its own maximum annual coverage limits as coverage, identified above.

Appears in 1 contract

Sources: Standard Real Estate Buyer’s Coverage Terms and Conditions