Floor Plan
Definition of "Floor plan"
The arrangement of the walls and rooms in a structure. A two-dimensional horizontal scale drawing of the arrangements, size, and orientation of doors, rooms, walls, and windows of a single floor of a building structure.
Popular Real Estate Terms
Generally speaking, the meaning of warehousing refers to the act of storing assets and keeping a physical inventory expecting a sale or distribution of goods at a later date. Warehousing is ...
An accounting methodology for separately depreciating individual parts or elements of a building or improvement qualifying as business use or a depreciable asset under the IRS tax code. ...
Privilege granted by a franchiser to a franchisee permitting the latter to operate using the franchiser's name. The franchisee must pay a franchise fee for such right. In addition, the ...
Time period for which one expects to keep property such as a real estate investment. ...
payment of a debt before its due such as a mortgage payment or insurance premiums. ...
The definition of alienation clause is the transfer or sale of a particular property or asset that can be applied once the owner has no more financial obligations to said property or asset. ...
Arrangement the insured and insurer share on a proportional payment for a loss. ...
Apartment building in which each resident owns a percentage share of the corporation that owns the building. ...
Real estate business owned by one person having all the rights and obligations. ...
Have a question or comment?
We're here to help.