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
A step's edge. ...
Technique used to estimate how the value of a parcel of land will affect its ability to support a given commercial improvement leaving sufficient residual net income to maintain adequate ...
The Principle of conformity states that conformity is achieved when all the entities or objects comply to the same standard, rules or laws. This creates a balance and stability between ...
Reducing the prepaid items on a debt agreement. ...
Judicial appointed person who takes possession, but not the title, to real estate during a bankruptcy process referred to as a receivership or a foreclosure proceeding. The receiver is ...
Across the globe, countries have comprehensive antitrust laws that protect customers and ensure the orderly conduct of businesses. Through antitrust laws, the playing field is balanced for ...
Financial institution that services savings and checking accounts, provides loans, and deals with negotiable instruments. Stringent federal and local regulations exist over banking ...
Federal agency providing home financing to qualified people in low-income, rural areas. ...
General decrease in prices. It is the opposite of inflation and different from disinflation, which is a decrease in the rate of price increases. Deflation results form a reduction in the ...
Have a question or comment?
We're here to help.