Define: Efficiency Unit

How is Efficiency Unit defined in a legal contract?

• Efficiency Unit means a unit consisting of only one room that is suitable for living. This term does not include rooms within a single-family home at the time of application that are eligible for certain funds. Seen in 11 SEC filings.
• Efficiency Unit means a unit without an enclosed bedroom designed mainly for use by one person. Seen in 4 SEC filings.
• Efficiency Unit means a type of dwelling unit that consists of one main room. This does not include a bathroom, kitchen among others. Seen in 1 SEC filing.
• Efficiency Unit means an Additional Dwelling Unit (ADU) with only one habitable room with a living area of a specified size. It should contain a separate closet, kitchen sink, and appliances. Additionally, the unit should come with bathroom facilities like a water closet, a lavatory, and a shower or tub. Seen in 1 SEC filing.
• Efficiency Unit means a dwelling unit containing one main room, excluding the facilities like the bathroom, kitchen, hallway, closets, or dining alcove provided this alcove does not exceed a certain area. Seen in 1 SEC filing.
• Efficiency Unit means a dwelling unit that has a minimum floor area of a specified size and may also have kitchen or bathroom facilities. Seen in 1 SEC filing.

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 efficiency unit' yourself to verify these results. We are always keen to point people to source documents.

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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.

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Genie Definition 1

• Efficiency Unit means a unit consisting of one main habitable room, and desired essential facilities.

Relevant Contract Types

• Rental Agreement
• Lease Agreement
• Property Sales Contract
• Unit Purchase Agreement

Relevant Circumstances

• Buying or selling a property
• Leasing a property
• Renting a property
• Transferring property ownership

Relevant Sectors

• Real Estate
• Property Management

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Genie Definition 2

• Efficiency Unit means an Additional Dwelling Unit (ADU) with one habitable room and necessary appliances.

Relevant Contract Types

• ADU Development Contract
• Housing Construction Agreement
• Property Purchase Agreement

Relevant Circumstances

• Developing an ADU
• Contracting for house construction
• Purchasing property with an ADU

Relevant Sectors

• Construction
• Real Estate

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