For the purpose of this chapter, and the interpretation and application thereof, the following terms, phrases, words and their derivations shall have the meanings given herein, unless the context in which they are used shall indicate otherwise. When not inconsistent with the context, words used in the present tense include the future, words in the singular number include the plural number and words in the plural number include the singular number. Words or phrases not defined shall be given their common and ordinary meaning unless the context clearly indicates or requires a different meaning.
DWELLING: Any building, structure, or portion thereof which is occupied as, or designed or intended for occupancy as, a residence by one or more persons, and any vacant land which is offered for sale or rental and on which any such building, structure, or portion thereof may be constructed or located.
LENDING INSTITUTION: Any bank, savings and loan association, insurance company, or other organization regularly engaged in the business of lending money or guaranteeing loans for profit.
MULTI-FAMILY RESIDENTIAL DEVELOPMENT: Any building or structure, or group of buildings or structures, which contains two (2) or more dwellings under common management or ownership.
OWNER: Any person who holds legal or equitable title to, or shares of, or holds any beneficial interest in, a dwelling or who holds legal or equitable title to, or shares of, or holds any beneficial interest in, any organization or person which owns a dwelling; and his agent.
PERSON: One or more individuals, corporations, partnerships, associations, labor organizations, legal representatives, mutual companies, joint stock companies, trusts, unincorporated organizations, trustees, trustees in bankruptcy, receivers or fiduciaries.
PURCHASE: To obtain a dwelling through a sale.
RENT OR RENTAL: To lease, sublease, assign or otherwise grant or obtain the right to occupy a dwelling not owned by the occupant in return for consideration, or a contract or option to do any of the foregoing.
SALE OR SELL: To convey, exchange, transfer or assign legal or equitable title to, or a beneficial interest in, a dwelling in return for consideration, or a contract or option to do any of the foregoing. (Ord. 02-20-13-O1, 2-20-2013)