Building Setback
Definition of "Building setback"
Municipal ordinance stating the distance from a curb or property line where the building of a structure is prohibited. Also states the distances from a boundary line where construction is permitted. Building setbacks are intended to provide access space and/or preserve environmental character.
Popular Real Estate Terms
The definition of a bedroom community, or commuter town in real estate is a unique type of community that merely uses their homes to sleep, while doing everything else offsite. In a bedroom ...
Mortgage in which the interest rate charged by the lender can vary according to some reference index not controlled by the lender, such as the interest rate on 1-year U.S. T-bills or the ...
Interest rate that exceeds the rate on the old loan but in less than the rate on new loans. It is usually offered by the lender to encourage home buyers to refinance existing, low interest ...
Rate of return that is necessary to maintain market value of a real estate project. The cost of capital is used for project evaluation purposes. Under the net present value method, the cost ...
Obtaining money and/or property from a deceased person whether by will or not. ...
in joint tenancy, the joint tenants must acquire their interest by the same conveyance and the interest must be equal. ...
High quality, premium wood to be used in construction such as for home building. ...
Wood strip on the top of a baseboard. ...
Notice of a pending suit; a public notice given to prospective purchasers and any one else considering an interest in property that the title is being legally challenged, and the outcome is ...
Have a question or comment?
We're here to help.