CONDITION OF PROPERTY definition

CONDITION OF PROPERTY. Buyer stipulates that they have had opportunity to inspect the premises and accepts it in an “as is condition”. Seller certifies that they have received no notice of any ordinance violation from any Federal, State of Municipal Government entity.
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CONDITION OF PROPERTY. Owner shall have sole responsibility for placing the Property in clean and tenant ready condition prior to occupancy. Owner certifies that all heating, cooling, plumbing, electrical systems, and all appliances are in good working condition and Owner shall be responsible for the maintenance or replacement of same. Owner certifies that the roof is watertight and that water does not enter living areas either from rain or subterranean sources and Owner shall be responsible for the maintenance or replacement of same. Owner certifies that the Property is in good habitable condition, there is no mold, mildew or any water intrusion on the premises and is in compliance with all applicable laws, ordinances and regulations of all governmental authoritie ● REPAIRS: Broker is given the right to spend in the amount not to exceed $200.00 in any one month to purchase items, make repairs, and pay for same out of Owner's funds, and, if inadequate, Owner shall be billed for the difference. In case of emergency, i.e. air conditioning, heat, refrigerator, range or plumbing or any other repair the Broker deems an emergency and or necessary in Broker's sole judgment for the safety of the tenant(s) or the welfare of the property, ▇▇▇▇▇▇ has authority to institute repairs, even if over the aforementioned limit. In order to maintain the Repair Account, Owner will provide Broker with $200.00 and if this account falls below $200.00, Broker may replenish it from the rents received. The remaining reserve balance, if any, will be returned to the owner when management of Property has concluded and the Owner account balance has been reconciled. In the event repairs are made, Broker shall withhold the amount disbursed from the next ensuing rent payment or from any rents received but not yet forwarded to Owner. Broker will arrange for all repairs, inspections, maintenance and cleanings, unless Owner has notified Broker in writing prior to the commencement of repairs to use someone else that Owner has selected, and Owner makes arrangements with third party direct. Owner agrees that they shall pay third party direct and shall indemnify and hold Broker harmless for payment of same.
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CONDITION OF PROPERTY shall have the meaning set forth in Section --------------------- 4.03(a).
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Examples of CONDITION OF PROPERTY in a sentence

  • CONDITION OF PROPERTY: THE PURCHASER UNDERSTANDS THAT THE SELLER MAY HAVE ACQUIRED THE PROPERTY BY FORECLOSURE, DEED-IN-LIEU OF FORECLOSURE, FORFEITURE, TAX SALE, RIGHT OF EMINENT DOMAIN OR SIMILAR PROCESS AND CONSEQUENTLY AND OR ANY OTHER WAY.

  • ARTICLE SIX: CONDITION OF PROPERTY; MAINTENANCE, REPAIRS AND ALTERATIONS.

  • NO SELLER’S REPRESENTATIONS ABOUT PROPERTY; FURTHER ACCEPTANCE OF CONDITION OF PROPERTY.

  • IN THE PRESENCE OF: Witness VSECU, a Division of New England Federal Credit Union (Transferor) DISCLAIMER AS TO CONDITION OF PROPERTY: Purchaser agrees to accept the Property in its present condition, notwithstanding the possible existence of hidden defects or other matters not visible or ascertainable from any inspections, and Purchaser hereby expressly assumes the risk of any and all defects in the Property.

  • CONDITION OF PROPERTY: The property as of the date of this Agreement including buildings, ground, and all improvement will be preserved by the Seller(s) in its present condition until possession, ordinary wear and tear excepted.

  • SELLER’S DISCLOSURE AND CONDITION OF PROPERTY ADDENDUM (“Seller’s Disclosure”).

  • CONDITION OF PROPERTY: Hunter(s) stipulates, represents and warrants that Hunter(s) has examined the Leased Property, and that it is in good and acceptable condition at the time of this Agreement.

  • DISCLAIMER OF WARRANTIES & "AS-IS" CONDITION OF PROPERTY: SAMPLE SAMPLE FURTHER ACKNOWLEDGES AND AGREES THAT HAVING BEEN GIVEN THE OPPORTUNITY TO INSPECT THE PROPERTY, BUYER IS RELYING SOLELY ON ITS OWN INVESTIGATION OF THE PROPERTY AND NOT ON ANY INFORMATION PROVIDED OR TO BE PROVIDED BY SELLER.

  • ARTICLE SIX: CONDITION OF PROPERTY; MAINTENANCE, REPAIR AND ALTERATIONS Section 6.01.

  • CONDITION OF PROPERTY.....................................................................


More Definitions of CONDITION OF PROPERTY

CONDITION OF PROPERTY. Insurable Title closing Deed and title closing date and place conditions to closing
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CONDITION OF PROPERTY. Owner shall have sole responsibility for placing the Property in clean and tenant ready condition prior to occupancy. Owner certifies that all heating, cooling, plumbing, electrical systems, and all appliances are in good working condition and Owner shall be responsible for the maintenance or replacement of same. Owner certifies that the roof is watertight and that water does not enter living areas either from rain or subterranean sources and Owner shall be responsible for the maintenance or replacement of same. Owner certifies that the Property is in good habitable condition, there is no mold, mildew or any water intrusion on the premises and is in compliance with all applicable laws, ordinances and regulations of all governmental authorities. • REPAIRS: Broker is given the right to spend in the amount not to exceed $200.00 in any one month to purchase items, make repairs, and pay for same out of Owner's funds, and, if inadequate, Owner shall be billed for the difference. In case of emergency,
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CONDITION OF PROPERTY. Buyer stipulates that they have had opportunity to inspect the premises and accepts it in an “as is condition”. Seller certifies that they have received no notice of any ordinance violation from any Federal, State, or Municipal Government entity. BINDING EFFECT: It is mutually agreed by and between the parties hereto that the time of payment shall be of the essence of this Contract, that all covenants and agreements herein contained shall extend to and be obligatory upon the heirs, executors, administrators, successors, and assigns of the respective parties.
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CONDITION OF PROPERTY. The Landlord has not made any representations with respect to the suitability of the Leased Premises or the Common Space for the intended purpose or otherwise as to the leased property except as expressly set forth herein and no rights, easements, or licenses are acquired by the Tenant by implication or otherwise except as expressly set forth in the provisions of this Lease or in a separate instrument recorded in the office of the Register of Deeds for Henderson County, North Carolina. The taking of possession of the Leased Premises by the Tenant shall be conclusive evidence that the Tenant accepts the same "as is," and that the Leased Premises, Common Space, and other improvements of which the same form a part were in good and sufficient condition at the time possession was taken. Term of Lease: The initial term of this lease shall be thirty-six (36) months, commencing on
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CONDITION OF PROPERTY. The Property shall be conveyed by the County to HabitatNOVA in “as is, where is” physical condition. The County makes no representations or warranties whatsoever to HabitatNOVA, either express or implied, with respect to the physical condition of the Property, its fitness for any particular purpose or use, or the suitability of any part of the Property for the purposes or needs of HabitatNOVA.
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Related to CONDITION OF PROPERTY

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • DOCPROPERTY DocID" \* MERGEFORMAT 22518942.2 238213-10001

  • Cooperative Property The real property and improvements owned by the Cooperative Corporation, including the allocation of individual dwelling units to the holders of the Coop Shares of the Cooperative Corporation.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Environmentally constrained area means the following areas where the physical alteration of the land is in some way restricted, either through regulation, easement, deed restriction or ownership such as: wetlands, floodplains, threatened and endangered species sites or designated habitats, and parks and preserves. Habitats of endangered or threatened species are identified using the Department's Landscape Project as approved by the Department's Endangered and Nongame Species Program.