How is Property Cost defined in a legal contract?
- Property Cost means the total sum of loans, holder advances and transaction expenses related to a property, adjusted equally across all properties, and varying with time. Seen in 35 SEC filings.
- Property Cost means the total expenses of acquiring a property, including the advance funding given to the lessee, and the transaction expenses related to that funding and acquisition. Seen in 8 SEC filings.
- Property Cost means the total expenses of land acquisition and property improvements for a specific property. Seen in 6 SEC filings.
- Property Cost means the total of all the advances, funded to or for the benefit of the construction agent, regarding a particular property, minus the total amount of debt reduction allocated to lessen the property cost. Seen in 5 SEC filings.
- Property Cost means the aggregate amount of the lessor advances, increased proportionately according to the advances time and again, including the expenses to meet transaction expenses and uninsured losses from forceful events. Seen in 3 SEC filings.
- Property Cost means the total amount of advance loans made with respect to the acquisition of the properties at any determined date. Seen in 2 SEC filings
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Property Cost means the total sum of transaction expenses, advances and loans related to [Property].
Relevant Contract Types
Relevant Circumstances
- Purchase of real property
- Lease of commercial property
- Financing a property
Relevant Sectors
Genie Definition 2
- Property Cost means the aggregate costs of acquiring and improving [Property].
Relevant Contract Types
Relevant Circumstances
- Building a new property
- Renovating an existing property
Relevant Sectors
Genie Definition 3
- Property Cost means the total amount of principal advances made for the benefit of [Construction Agent] concerning [Property], less any allocated debt reduction.
Relevant Contract Types
Relevant Circumstances
- Financing a construction project
- Transferring rights and obligations under a construction contract
Relevant Sectors
Genie Definition 4
- Property Cost means the total sum of lessor advances, increased proportionately, including expenses to cover transaction and force majeure losses.
Relevant Contract Types
Relevant Circumstances
- Lease of commercial property
- Dealing with a loss event
Relevant Sectors
Genie Definition 5
- Property Cost means the amount advanced for acquisition of properties at [date of determination].
Relevant Contract Types
Relevant Circumstances
- Purchase of a property
- Financing a property acquisition
Relevant Sectors
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Property Cost means the total sum of transaction expenses, advances and loans related to [Property]
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