Land Development
Definition of "Land development"
Same as term development: Process of developing an area by planning and building homes, shopping centers, schools or churches. The development process includes the construction of streets, sewers, utilities, parks, and other resources.
Popular Real Estate Terms
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 ...
Obligation taken on by a person who did not obtain it originally, but agrees to honor the terms of the existing obligation as a condition for the transaction. By assuming the loan rather ...
Agreement in which some terms are yet to be carried out. The contract is still not fully completed. ...
Index of the costs to construct residential properties. ...
Group of rental occupants acting together. ...
The equity in property because of work in it by the buyer or holder which directly increases its value. ...
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Provision in a lease agreement allowing the landlord to raise the rental to take into account inflation, higher upkeep costs, and higher interest rates. An index may be used such as the ...
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