Adjoining
Definition of "Adjoining"
Regarding the definition of the term adjoining, we see a term used most often to describe a particular position that objects, items, or properties have regarding each other. In the case of the term adjoining, that position is one of direct contact, attached, or contiguous. Strictly regarding the ordinary meaning of the word, adjoining describes closer proximity than adjacent as it requires a “joining” of objects, items, or properties.
Adjoining in real estate
The term adjoining is also important in real estate lingo as it describes two buildings with a connecting boundary, a wall that they both share, a fence that connects the properties, and such. The term, however, is often used together with adjacent accompanied by a wide variety of environmental planning instruments as well as in development control plans. Something important to note is that when used together, they possibly refer to different concepts that determine the proximity of properties, buildings, and lots.
The term real estate adjoining can be used to describe abutting properties or adjoining properties as, in both instances, the two properties do not have any land or structure in between them. These properties can share a wall of the house, a fence in the backyard, or a line of trees that limits one property from the other. In any other way, the two properties are joined at one point or one line with nothing else separating them. Examples would be duplexes and townhouses. The concept is debated when issues of cadastral mapping come into question for buyers that are interested in lots that are devoid of any structures in order to have exact measurements of where one lot ends and the other begins.
Adjoining owners are the legal owners of adjoining properties that share a common structure at their border. Other terms that can be used instead of adjoining in real estate are abutting, neighboring, connected, or attached. Adjacent is close but not quite as directly connected as adjoining is and should not be used as a synonym.
Popular Real Estate Terms
The meaning of a disclosure statement is a legal document signed by both parties, the lender and the borrower or buyer. This statement outlines the terms and conditions, the potential ...
Effective Age is the counterpart to a property’s Actual Age. While the former refers to the date a property was built, the latter is more of a sensorial depiction of its age; the age ...
Commitment by a lender to a borrower for a given amount of money at specified terms for the financing of a project. The borrower pays a fee for the privilege of either executing the loan or ...
What’s the definition of real estate collateral? Could we say it’s like keeping a hostage? No, that would be relatively insensitive. But the idea is similar. In real estate, ...
A lien is a legal instrument by which one party – usually lenders and creditors - guarantees the obligation of a real estate owner to do something – generally repays the money. ...
Typically, the term rider defines a financial concept, implying a written modification applied to an insurance policy, altering its initial clauses and provisions. The rider can update the ...
Member of a partnership whose liability for partnership debts is limited to the amount invested in the partnership. A limited partner is prohibited from taking active part in the management ...
Mortgage on both the purchased real estate and personal property of a durable type. The entire amount financed is considered one mortgage. In residential real estate, a builder might ...
Short-term leases are leases that run its completion in a faster time than regular ones.In real estate, short term-leases usually refer to temporary housing; that is: rent.The length of a ...
Have a question or comment?
We're here to help.