Housing Code
Definition of "Housing code"
Established federal, state or local structural building requirements that have to be adhered to so as to receive certification by the government authority. Housing code enforcement is usually performed at the local level; however, many states have standard housing codes to be followed by all local governments. The housing code includes coverage for electrical wiring, insulation, plumbing, and roofing.
Popular Real Estate Terms
The floor of a building closets to the building grade. Normally, the ground floor of a building is the first floor. A ground floor can sometimes be located between the first floor and the ...
Region or locality that assesses real estate taxes on the properties located within its borders. Frequently, the local county or city is the property taxing jurisdiction which is empowered, ...
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An additional fee imposed by lenders on home mortgages payable in cash at the time of the closing. ...
Wood panels on a wall. ...
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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. ...
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