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
In our world, you can request anyone to perform virtually any task for a little (or bigger) incentive. So, what is the definition of incentive precisely? An incentive can be a service or ...
When you hear the term annuity, you’re often left wondering what is an annuity? The simplest annuity definition is a financial product designed to ensure cash flows at equal intervals ...
Insulating material attached to crevices around doors and windows to prevent air from either entering or escaping from a structure. Tacked, stapled, or glued onto the surfaces of the doors ...
mortgage being reduced through periodic principal and interest payments. ...
Losses arising from damage to or destruction of property. ...
Creates a lien against the mortgagor's property, but does not permit a lien against his or her personal assets. See also non recourse. ...
Created by law usually for the right to travel to landlocked parcel of land ...
Certificate usually granted by a jurisdictions building department certifying a specified premise has satisfactorily complied with all zoning and building ordinances. This certification is ...
Unexpected increase in the price of property not due to any effort on the owner's part. An example is when the appraised value of a house increases because of a population increase in 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.