Duplex


Definition of "Duplex"

Melissa Reed
Melissa Reed Keller Wiliams Realty Atlanta Partners

  1. Structure have two dwelling units under the same roof.
  2. Two-story apartment unit.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Residential Unit

property suitable for residential living, such as a house, duplex, apartment, mobile home, or condominium. ...

Multifamily Housing

Residential structure designed to house more than one family. Smaller multifamily housing units include duplexes, triplexes, and quadriplexes. Larger ...

Eminent Domain

Governmental right to take private property for public use as long as fair compensation is paid to the owner. Roads, parks, public parking, and other ...

Executory Contract

Agreement in which some terms are yet to be carried out. The contract is still not fully completed. ...

Premium

Periodic fee paid for insurance protection. Amount paid for real estate above the expected prevailing price. ...

Joint Note

Note having more than one maker, if one or more of the makers default on the note, all makers are sued jointly, rather than just one or all, to make r ...

Popular Real Estate FAQ

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 ...

What Is Hazard Insurance?

Hazard insurance is insurance coverage that compensates for physical damage to a property from natural disasters such as fire or other hazards. ...

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or \"planned unit development\" (PUD). Unit owners pa ...

What Is An Investment Property?

An investment property is a property you purchase with the intension of using it as a rental income or for investment purposes rather than to live in. ...

What Is A Buyer’s Agent?

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works for the best interests of the buyers, not the seller ...

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to the existing equity in the home. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Real Estate Open House - The Dos and Don Build or Buy? That’s the Big Question An Agent’s Guide on How to Plan the Perfect Open House What is Earnest Money Tax Breaks for the First Time Home Buyer

FAQ

What do I need to know about Condominium Insurance? How can I figure out my debt-to-income ratio? What is homeowners association (HOA)? Who is a subagent? What is a buydown?