Mobile Home Construction And Safety Standards Act
Definition of "Mobile home Construction and Safety Standards Act"
Federal act passed in 1974 regulating mobile homes. The act defines a mobile home as a "Structure, transportable in one or more sections, which is eight body feet or more in width and is forty body feet or more in length, and which is built on a permanent chassis, and designed to be used as a dwelling with or without permanent foundation, when connected to the required utilities, and includes the plumbing, heating, air-conditioning, and electrical systems contained therein". Mobile homes are well-equipped portable forms of housing including all necessities often including many luxurious appointments. mobile homes are distinguished from vans, campers and other recreational vehicles in that they are designed for permanent residence rather than recreational occupancy. Municipal zoning law often regulates the placement of mobile homes relegating them to mobile home park sites.
Popular Real Estate Terms
Holding pool of mortgages. It is marketed as a tax exempt mortgage backed security for investors. ...
Condemnation is a process by which private property is taken for the purpose of public use. Prior to the taking, the property is said to be “condemned property”, meaning that it has ...
Style of architecture introduced into America prior to the Civil War and modeled after Renaissance Country homes in northern Italy. They were usually relatively large brick houses. Italian ...
Building a structure in such a way as to reduce the process of destruction in the event of fire. Fire-resistant materials are used. ...
The American Real Estate and Urban Economics Association (AREUEA) is a non-profit association founded in 1964, during the Allied Social Science Association located in Chicago. Important to ...
Section of the Internal Revenue Code applies to assets used in a trade or business,. In general, gains on section 1231 assets are taxed at capital gains rates, and losses are considered ...
A mortgage loan where the bank provides the mortgagor the required funds to purchase property the bank has obtained through foreclosure on outstanding mortgages. For example, John obtains a ...
The term “property title” is relatively common and often used in the real estate industry, which is why it’s useful to know what it really means. While the term itself is ...
List of architectural design items needing to be corrected and resolved prior to finalizing a building design. ...
Have a question or comment?
We're here to help.