Definitions for "General Conditions"
These are the standard conditions applicable to a mortgage. These will be found in the paperwork given to a borrower.
The lenders standard conditions, these are set by the individual lender.
The set of standard conditions that apply to a mortgage. They are usually provided to the borrower in booklet form at the time the mortgage offer is provided.
That part of the contract documents which sets forth many of the rights, responsibilities, and relationships of the parties involved. Same as conditions of the contract.
A section of general clauses in the Contract Specifications that establish how the project is to be administered. Included are obligations such as providing temporary work, insurance, field offices, etc.
A general listing of the requirements and understandings upon which a construction contract is based.
The property’s general characteristics.