Sentences with phrase «occupancy requirement for»

NAR President Tom Salomone, broker - owner of Real Estate II Inc. in Coral Springs, Florida, says the Federal Housing Administration's recently - announced rule change to lower the owner - occupancy requirement for approved condominium buildings from 50 percent to 35 percent under certain conditions is a step forward for prospective buyers considering a condo.

Despite the occupancy requirement for owner - builders, the HPA does allow an owner - builder to apply to the HPO on the basis of undue hardship for permission to sell during construction or earlier than 12 months after occupancy.

The VA says the «occupancy requirement for an IRRRL is different from other VA loans.

d. Occupancy Requirements for Deployed Active Duty Servicemembers Single or married servicemembers, while deployed from their permanent duty station, are considered to be in a temporary duty status and able to meet the occupancy requirement.

Not exact matches

«Occupancy rates are growing, especially for leisure travel, owing to a recovering domestic economy, a depreciating currency and relaxed visa requirements for visitors from Southeast Asia,» Advito commented in a prior forecast.

Unit overheads were estimated through the same finance departments for all settings and covered management and administrative costs, operational costs (including heating and lighting, training, building maintenance), indirect overheads (including personnel and finance functions), and capital costs based on the new build and land requirements of NHS facilities, accounting for unit occupancy rates.

Uwah, a former commissioner for Environment explained that the owners of the building were required to furnish the authority with the Certificate of Occupancy and other relevant papers concerning the building adding that other buildings in the capital city that did not meet the requirements of government were also marked.

(1) a failure to design and construct facilities for first occupancy later than 30 months after the date of enactment of this Act that are readily accessible to and usable by individuals with disabilities, except where an entity can demonstrate that it is structurally impracticable to meet the requirements of such subsection in accordance with standards set forth or incorporated by reference in regulations issued under this title; and

(1) If a condo project is on the list, it must still be checked by your lender to make sure it still meets HUD's requirements (for owner / occupancy ratios, etc..)

If you are able to buy a property under market value (usually because it needs substantial rehab work), once you do the rehab work (and I don't mean «you» personally — you'd actually need to have it done by a licensed contractor under the terms of a 203k loan), you potentially get not only higher rents, but also the option to refinance the mortgage after the rehab is done (and once you've satisfied any owner - occupancy or seasoning requirements from the lender), which can be especially useful if you want to purchase additional rental properties (something sometimes referred to as the «BRRR method», for «Buy, Rehab, Rent, Refinance).

Caravan Cash Out Certificate CHFA Code Violation Comps Capitalization Capitalization Accounting Cash Flow Certificate of Commitment for VA Loan Guaranty Certificate of Deposit Certificate of Eligibility Certificate of Loan Disbursement Certificate of Occupancy Certificate of Reasonable Value Change Order Chattel Clear Title Closing Closing Costs Closing Statement Cloud on Title CMB (Certified Mortgage Banker) Co-Insurance Commitment Commitment Fee Co-Mortgager Comparables Compliance Report Conditional Commitment Conditional Commitment Requirements Conditional Sales Contract Condominium Condominium Declaration Consideration Co-Signer Contagious Contract of Sale Conventional Loan Convey Conveyance Cooperative Corporation Correlation Correspondent Cost Approach to Value Coupon Rate Credit Rating Credit Report CRA (Certified Review Appraiser) Custodial Accounts

In addition to federal government help for first time home buyers, many community, city, county and state agencies offer down payment grants and down payment assistance, which have unique qualification requirements regarding income, assets, credit, occupancy and location.

For example, a spouse or children may be able to fulfill the occupancy requirement on behalf of a VA buyer.

Will not be subject to unfeasible mandates: As written, if for particular building types or occupancies, such low energy targets are determined to be unfeasible, there is a mechanism to adjust those targets — removing the threat of unmanageable requirements.

Putting a pull out bed in the «great room» would satisfy the requirement for space for a bedroom (required for a certificate of occupancy to be issued).

Manufactured or Ready to Move (RTM) *: Transportable, single or multiple - section, one - storey dwellings ready for occupancy on completion of set - up by the manufacturer's instructions and meeting all the requirements of the governing laws and housing codes.

Justice Cromwell had analogised the standard to establish Aboriginal title to the requirements for general occupancy at common law, requiring an actual entry and actions from which an intent to occupy land could be inferred.

Just as there are building codes limiting the maximum occupancy of a room, in particular a conference room, are there requirements for the minimum amount of space employers need to guarantee an office worker at their desk?

Just as there are building codes limiting the maximum occupancy of a room, in particular a conference room, are there requirements for the minimum amount of space employers need to guarantee an office...

Notwithstanding the foregoing, in the event that the originally scheduled trial date is continued for any reason, and upon motion of any party, the court after hearing shall require the tenant or occupant claiming under this section to deposit with the clerk of the court, the plaintiff's attorney, or other secure depository each month (or at such other intervals as the court deems just) the amounts due for use and occupancy, calculated according to the fair market value of the premises, which amounts shall be held in escrow pending final disposition, unless the court determines that such requirement would result in undue hardship to the tenant or occupant.

Under the new provisions, FHA will allow for the owner - occupancy requirement to be lowered down to 35 % if:

Check with your local building department for the certificate of occupancy, and contact your city's planning and zoning office to find out the local zoning requirements.

The following resources provide information about requirements for condominium unit mortgages, underwriting condominium projects, condominium occupancy rules, eligibility of loans secured by units in condominiums, and more.

Occupancy, Continued f. Delayed Occupancy Due to Property Repairs or Improvements Home improvements or refinancing loans for extensive changes to the property which will prevent the veteran from occupying the property while the work is being completed, constitute exceptions to the «reasonable time» requirement.

I was considering rentals as my focus as a beginner but I know FHA has requirements of owner occupancy but I've been reading where I have some options after living in a FHA for 2 years.

@Alex K. I plan to occupy one of the units for a few years at least and owner occupancy is also a requirement for FHA / VA loans.

Priority issues for the Alliance include: resale use and occupancy requirements and inspections; sign ordinances that impact real estate marketing; residential real estate disclosure issues, and transfer tax ordinances.

When President Obama signed NAR - backed FHA condo financing legislation into law this summer, much of the focus in the news was on lower owner - occupancy requirements and other changes that would make it easier for borrowers to use federally insured loans for condo purchases.

As for the 1 year owner occupancy requirement, though I do not see it specifically state a minimum time in the hand book, I do see majority of people say the 1 year minimum occupancy is written in their loan agreement.

Licensees acting for either an owner - builder or a potential purchaser can check the HPO's New Homes Registry (lims.hpo.bc.ca / prs / NewHomes /) to determine whether a new home built under an Owner - Builder Authorization can be legally sold as having met the occupancy requirement.

If you are acting for either an ownerbuilder or a potential purchaser, you can check the HPO's New Homes Registry to determine whether a new home built under an Owner - Builder Authorization has met the occupancy requirement and can legally be sold.

For owner - built homes completed since November 19, 2007, Owner - Builder Disclosure Notices must be obtained from the HPO and will not be released until the one - year occupancy requirement has been verified.

FHA loans for single - family residences do have an occupancy requirement — the borrower must live in the home as his or her «principle residence».

For owner - built homes since November 19, 2007, Owner - Builder Disclosure Notices must be obtained from the HPO and will not be released until the one - year occupancy requirement has been verified.

«With this lower owner - occupancy requirement, Realtors ® will have more options for their clients looking to purchase a condo with an FHA mortgage.