Property Description
Definition of "Property description"
Same as term legal description: A description of real property including metes and bounds, government rectangular survey, or lot numbers of a recorded plat. All property deeds have a legal description.
Popular Real Estate Terms
Building recognized because of its history, such as the Booth theater in Washington, Dc. The demolition of historical buildings is not permitted. Historical building modifications are ...
Increase in the value of real or personal property. The price may increase because of a number of factors, such as shortage in supply, improved economy , favorable political environment, ...
Point at which additional units of a specific resource no longer cause the level of satisfaction that was previously attained. ...
Limit on how much a borrower's payment can increase. ...
Process of simultaneously appraising several pieces of property. Normally, occurs when a local government conducts a reassessment. ...
Rainwater pipe attached to a roof gutter channeling the run off down and away form the building. ...
A horizontal beam connecting together two rafters supporting the roof. The collar beam is located at the point substantially higher than the wall plate connecting the rafters. The high ...
Limited period of time granted by state law to an individual who has had his or her property foreclosed on and sold to regain possession of the property by repaying the debt that was ...
Ownership interest in property that is above the minimum needed to meet uncertainties or a downward trend in real estate market. ...
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