Divestiture
(1) Surrendering voluntarily or involuntarily ownership of property or an interest therein. (2) Court order to give up possession or the right to property such as in the case of an antitrust action to eliminate a monopolistic advantage of a real estate company in a particular area.
Popular Real Estate Terms
The term “a priori” can be pretty puzzling in real estate. Originating from Latin, “a priori” translates to "from the earlier" or "from the former." This concept, ...
A roof having two slopes on each side. The second slope is longer than the first part of the roof and extremely steep. ...
Neighborhood square somewhat resembling a park. It is often owned by town or row house owners situated near the square. ...
Connected group of wires, woods, or other materials surrounding real property to either protect it or act as a barrier against others. ...
Land zoned for industrial use including manufacturing, factory office and warehouse space, research and development. ...
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New cost less accumulated depreciation to date. ...
Timber in an original form, such as a pole. ...
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