Air Rights

Definition of "Air rights"

Rights to the use of open air space over property.

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Popular Real Estate Terms

Building Density

Concentration of buildings in a given geographic area. Higher building density patterns have several affects. Without careful planning, high density c ...

Horizontal Property Laws

Body o law relating directly to condominiums and cooperative developments. Most property law provides vertical ownership of property in the sense that ...

Evidence Of Title

Document, such as a deed, which demonstrates property ownership. ...

Photovoltaic

Active photoelectric cell made of silicon and activated by electromagnetic energy in the form of light waves. They are now used in a wide range of ele ...

Property And Casualty Policy

Insurance contract providing coverage for risks primarily associated with negligence and acts of omission associated with third-party injuries or prop ...

Red Herring

Slang reference for a preliminary prospectus that outlines the important aspects of a new issue securities for a real estate company, partnership, or ...

Popular Real Estate FAQ

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the purchase of shares, you are allowed to live in a u ...

If I Want To Buy A House And I Know The Property And The Seller Already Have An Agent, Can I Act As My Own Agent And Negotiate A Lower Fee?

You probably don't have the correct knowledge to represent yourself. The seller pays the real estate commission, not the buyer, and real estate commis ...

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