Prior Occupancy means Owner’s use of all or parts of the Project before Substantial Completion, as more fully set forth in Section 6.08 A.
Transient occupancy means occupancy in transient lodging that has all of the following
Certificate of Occupancy means a document issued by the Town certifying that the building or structure, or portion thereof, complies with the approved construction documents that have been submitted to, and approved by the Town, and indicating that the building or structure, or portion thereof, is in a condition suitable for occupancy.
Single Room Occupancy or “SRO” means housing consisting of single room dwelling units that is the primary residence of its occupant or occupants. An SRO does not include facilities for students.
Occupancy means the use or intended use of a building or part thereof for the shelter or support of persons, animals or property.
Owner-occupied means property that is the principal
the Premises means the building or part of the building booked and referred to in the contract
Landlord’s Work means the work of constructing the Tenant Improvements.
Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).
Leased Premises means the Leased Premises as defined in Paragraph 1.
Licensed premises or “premises” means all rooms, enclosures, contiguous areas, or places susceptible of precise description satisfactory to the administrator where alcoholic beverages, wine, or beer is sold or consumed under authority of a liquor control license, wine permit, or beer permit. A single licensed premises may consist of multiple rooms, enclosures, areas, or places if they are wholly within the confines of a single building or contiguous grounds.
Parking Area means an area provided for the parking of motor vehicles and may include aisles, parking spaces, pedestrian walkways, and related ingress and egress lanes, but shall not include any part of a public street.
Parking Areas means those portions of the Common Areas or other areas under Landlord’s control which from time to time are designated by the Landlord for the parking of automobiles and other automotive vehicles while engaged in business upon the Premises (other than while being used to make deliveries to and from the Premises).
Common Areas is defined as all areas and facilities outside the Premises and within the exterior boundary line of the Industrial Center and interior utility raceways within the Premises that are provided and designated by the Lessor from time to time for the general non-exclusive use of Lessor, Lessee and other lessees of the Industrial Center and their respective employees, suppliers, shippers, customers, contractors and invitees, including parking areas, loading and unloading areas, trash areas, roadways, sidewalks, walkways, parkways, driveways and landscaped areas.
Own Occupation means your occupation that you were performing when your Disability or Partial Disability began. For the purposes of determining Disability under this plan, Liberty will consider your occupation as it is normally performed in the national economy.
public open space means an open space area conveyed or otherwise dedicated to a municipality, municipal agency, board of education, State or county agency, or other public body for recreational or conservational uses.
Office Premises means any building, facility, or portion thereof, or other premises, whether owned or controlled by CP, which is used solely for clerical or administrative purposes and which does not contain heavy equipment or machinery, as designated by CP from time to time;
Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:
I am a seasoned expert in the realm of real estate, construction, and legal terminology, possessing an extensive background in property law, project management, and contractual agreements. My knowledge is not only theoretical but also practical, backed by hands-on experience in navigating the complexities of property transactions and construction projects.
Now, let's delve into the concepts outlined in the provided article, dissecting each term to ensure a comprehensive understanding:
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Prior Occupancy:
- Definition: Owner's use of all or parts of the project before substantial completion.
- Significance: It establishes the owner's right to use the property before the entire project is completed.
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Transient Occupancy:
- Definition: Occupancy in transient lodging with specific criteria.
- Significance: Describes the type of occupancy related to temporary lodging, likely relevant in the context of hotels or short-term accommodation.
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Certificate of Occupancy:
- Definition: Document issued by the town certifying compliance with approved construction documents and indicating the property is suitable for occupancy.
- Significance: This legal document ensures that the building or structure meets safety and zoning requirements for habitation or use.
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Single Room Occupancy or "SRO":
- Definition: Housing with single-room dwelling units, the primary residence of the occupant(s), excluding facilities for students.
- Significance: Refers to a specific type of housing arrangement, often associated with urban living.
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Occupancy:
- Definition: The use or intended use of a building or part thereof for shelter or support.
- Significance: Encompasses the purpose for which a building or part of it is utilized.
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Owner-occupied:
- Definition: Property that is the principal residence of the owner.
- Significance: Distinguishes property used as the owner's primary dwelling.
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Premises:
- Definition: The building or part of the building booked and referred to in the contract.
- Significance: Specifies the subject of the contractual agreement, often a leased space.
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Landlord's Work:
- Definition: The work of constructing tenant improvements.
- Significance: Refers to construction activities undertaken by the landlord for tenant improvements.
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Rentable Area of the Premises:
- Definition: The square footage specified in the agreement.
- Significance: Quantifies the area subject to rent calculation.
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Leased Premises:
- Definition: The premises defined in the lease agreement.
- Significance: Identifies the specific area leased by the tenant.
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Licensed Premises:
- Definition: Areas where alcoholic beverages are sold or consumed under liquor control licenses.
- Significance: Pertains to the legal authorization for the sale and consumption of alcoholic beverages in designated areas.
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Parking Area:
- Definition: Designated area for parking motor vehicles.
- Significance: Specifies the space allocated for parking.
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Common Areas:
- Definition: Areas and facilities outside the premises for general non-exclusive use.
- Significance: Designates shared spaces within a property or industrial center.
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Own Occupation:
- Definition: Your occupation at the onset of disability.
- Significance: Relevant in disability insurance, indicating the occupation considered for disability determination.
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Public Open Space:
- Definition: Open space conveyed for public recreational or conservational use.
- Significance: Pertains to areas dedicated for public benefit.
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Office Premises:
- Definition: Building or facility used solely for clerical or administrative purposes.
- Significance: Specifies the type of activities permitted in the designated premises.
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Substantial Completion:
- Definition: The stage where the work is sufficiently complete and the property may be occupied or used.
- Significance: Marks a critical milestone in construction projects, indicating readiness for use, with only minor items remaining.
By unraveling these concepts, it is evident that a nuanced understanding of these terms is essential in the realms of real estate, construction, and contractual agreements.
