Acre In Real Estate
An acre is defined as a land unit that is commonly used in the US customary and imperial systems of 66 by 660 feet (one chain by one furlong). An acre is a measure of volume used in many countries. Meaning “open field” is commonly used to measure tracts of land and was first defined back in the middle age for measuring the amount of land a yoke of oxen could plow in one day. With the International yard and pound agreement of 1959, the acre was determined to represent precisely 4,046.856 422 4 square meters, and the other measuring systems translated it accordingly.
Because we do not use just one unit of measurement globally, an acre is recognized as a statute measure in the United Kingdom, most countries of the former British Empire, and the United States. What should be noted, however, is that, while the measurement can be legally used for trade and measurements of tracts of land, it should only be given as secondary information and should not be used for land registration.
The Size of an Acre
Considering that we no longer use yokes of oxen to measure land, you might be wondering how big is an acre. The measurement of an acre can be of any shape, not only rectangular. The only necessity is that it amounts to a total area of 43,560 square feet. To better visualize, imagine something like a football field without both end zones.
An acre is about 4,047 square meters, 43,560 square feet, around 40% of a hectare, 1/640 of a square mile. It is essential to check the documents for any land owned or bought, however, to make sure that the measurements are in acres and not commercial acres. For a commercial acre, there is a slightly different method of measurement.
Real Estate Secrets:
Did you know that our real estate glossary has approximately 100 acres filled with real estate terms?
And if you’re not in the mood to walk this uncharted territory, find a real estate agent and let him trailblazer it for you.
Popular Real Estate Terms
Market condition in which sellers exceed buyers, thereby causing prices to fall. In real estate, declining markets may result from unfavorable business conditions and high interest rates. ...
A house having stucco or brick siding mixed with some wood. The house usually is two or more stories. ...
Regulatory rules that have to be followed by the organization in conducting its activities. ...
Real estate not subject to property tax such as that owned by nonprofit entities including charitable, governmental, religious institutions. ...
(1) Subunit integral to a larger unit. (Usually associated with furniture). (2) Permanent fixture or appliance which is not intended to be portable and cannot easily be removed. A home has ...
Time period that a round of regular recurring construction takes place. There may be boom and bust times in construction activity. ...
Main street having a divider either in the center or between the curb and sidewalk with trees, grass, or other shrubbery. ...
An interest in property with the right o possession being postponed into the future until a certain even occurs. There are several possibilities where a future interest in property could ...
An agreement specified in the lease providing the tenant the option to renew the lease for a given time period upon the expiration of the initial lease. Most lease options include the ...
Comments for Acre In Real Estate
What is the meaning of property offset?
Apr 18, 2019 13:49:48Hello Sheila, are you thinking about properties under an offset statement?
May 01, 2019 04:33:16Have a question or comment?
We're here to help.