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
"Gross Leasable Area" or GLA is more than just jargon. Understanding property value and potential income is super important, especially in commercial real estate. What does Gross Leasable ...
The company is not responsible to a third party if an account or financial instrument is dishonored by the debtor. The creditor's recourse is solely to the debtor's property. An example is ...
Period of time during which a complainant in a real estate transaction can seek a financial recovery from a licensed real estate broker or agent. The time period is determined by state ...
Mortgage for residential property. ...
Any of several types of legal joinders whereby one or more parties unites with or joins other parties in a legal action or proceeding even though the party may not be a direct part of the ...
Amount a manger of real estate receives for his efforts. For example, a manger is to receive 2% of rentals collected as compensation from the landlord to manage the property. If the ...
Demise indicates the act of “granting a lease of property” in legal terms. A demising clause refers to a particular provision of housing requirements based on family size, ages, ...
Depressed or raised framed in portion of a wall, ceiling, or door. A panel board pattern is decorative and gives the effect of a series of highlighted squares or rectangular pieces. ...
Statue designed to protect lenders if a seller secretly sells substantially all of the business property. The objective of the law is to safeguard against defrauding creditors. ...
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.