§ 5-302  DEFINITIONS.
   For the purpose of this Part, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
   AGENT. Any person, co-partnership, association, corporation or fiduciary who for monetary consideration aids in the sale or exchange of property as defined herein. Whenever used in any clause, prescribing or imposing a penalty, the term AGENT, as applied to co-partnerships and associations shall mean the partners, or members thereof, and as applied to corporations, the officers thereof. Liability shall be limited to failure to notify the owner of the obligations imposed by this Part.
   AGREEMENT OF SALE. Any written agreement, or written instrument, which provides that title to any property shall thereafter be transferred from one owner to another owner, and shall include, inter alia, written leases which contain options to purchase the leased property, and leases which provide that the lessee of the property shall acquire title thereto after the payment of a stipulated number of regular rent payments or after a stipulated period of time.
   DISTRICT. Any jurisdictional area or zone as set forth in the Zoning Ordinance (Chapter 27) of the township.
   MUNICIPAL CLAIM. All monetary obligations, recorded or unrecorded, due the township as school and township property taxes or for services rendered or delivered to the property.
   OWNER. Any person, co-partnership, association, corporation or fiduciary having legal or equitable title, or any interest in any real property. Wherever used in any clause, prescribing or imposing a penalty, the term OWNER, as applied to co-partnerships and associations, shall mean the partners, or members thereof, and as applied to corporations, the officers thereof.
   PROPERTY. Any residential building or structure which totally or partially contains: single-family dwellings; two-family dwellings; multi-family dwellings; boarding houses, lodging houses, tourist homes; dormitories; and hotels as further defined in the Zoning Ordinance (Chapter 27). The separateness of a PROPERTY shall be determined by the more restrictive title or parcel number.
   REGULATIONS. Include regulations promulgated by the Pennsylvania Department of Labor and Industry under the Pennsylvania Fire and Panic Act of April 27, 1927, Pub. Law 465, as amended, 35 P.S. §§ 1221 et seq.
   SALE. Includes the “typical” real estate closing where a deed is given from the seller to the buyer (irrespective of whether the same is thereafter recorded). Also, for the purposes of this Part, a SALE shall be deemed to occur in instances other than the “typical” closing when the initial document between the parties is executed, whether that document is a lease with an option to purchase, a land contract or any other document included in the definition of AGREEMENT OF SALE.
(Ord. 1998-7-1, passed 7-30-1998)