Land Banking
Definition of "Land banking"
The practice of acquiring land for a future use. For example, a franchising company is projecting rapid nationwide expansion over the next five years. In order to prepare for the expansion, they are currently in the process of land banking property by acquiring sites at the most favorable terms at this time.
Popular Real Estate Terms
Opinion of a judge having no direct legal or binding effect on the outcome of a pending judicial decision. An obiter dictum is considered to be an incidental judicial remark about some ...
Section of the Internal Revenue Code relating to depreciation. Capital improvements made to real property are depreciable. ...
Pipes from a structure to a sewer for the purpose of sewage disposal. ...
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