How is 'Possession of the Property' defined in a legal contract?
- Possession of the Property means when a party chooses to acquire a property, the physical and indisputable control and occupancy of the property at the time of acquisition. Seen in 23 SEC filings
- Possession of the Property means the actual and physical control and occupancy of the property. Seen in 22 SEC filings
- Possession of the Property means when a party chooses to acquire a property, the physical and indisputable control and occupancy of the property at the time of acquisition or in case of a loan secured by collateral, subject to the terms of the lease from housing corporation. Seen in 8 SEC filings
- Possession of the Property means the actual, physical and undisputed control of the Property, subject only to: (i) the rights of third parties, if any, contemplated by the insurance application for the related loan; or (ii) a borrower’s unexpired right of redemption, if any. Seen in 3 SEC filings
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of possession of the property' yourself to verify these results. We are always keen to point people to source documents.
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
- Possession of the Property means having actual, physical, indisputable control and occupancy of the property.
Relevant Contract Types
Relevant Circumstances
- Acquisition of property
- Renting or leasing properties
- Taking a loan against a property
Relevant Sectors
Genie Definition 2
- Possession of the Property means holding the property, subject to third parties' rights, corresponding to [specific legal terms of the lease/borrower's rights].
Relevant Contract Types
Relevant Circumstances
- Renting or leasing properties
- Taking a loan against a property
- Selling a property with encumbrances
Relevant Sectors
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Possession of the Property means having actual, physical, indisputable control and occupancy of the property
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