Modular Housing
Definition of "Modular housing"
A prefabricate house constructed in a factory with final assembly and erection on site. Because of economies of scale and modern factory production techniques, modular housing is considerably cheaper than housing constructed totally on site.
Popular Real Estate Terms
Geographic area that is attractive to prospective tenants. Square footage in an office building or apartment house that may be rented by a tenant. ...
Home loans backed by the Veterans Administration. The veterans Administration issues a 60% loan guaranty for a sum not to exceed $27,500. The mortgaged home must be a principal residence. ...
Physical record card where the date of the last assessment valuation and its results, as well as a property description are kept. ...
Tenant agrees to a replacement landlord. ...
provision in a written agreement allowing the prospective purchaser the right to cancel the contract if occupancy requirements are not satisfied as of a specific date. ...
Offering of new securities of a real estate company to the investing public, after registration requirements have been filed with the SEC. the securities are usually made available to the ...
Additions made to a structure to protect it from damage due to inclement weather. An example is reinforcing the wood surrounding windows. ...
The period for which a tenant has the right of possession; It may be for a fixed period of several years, or a period tenancy, such as month to month. The right or interest to have ...
Room in a building used to collect solar heat. To provide for such collection, a room is generally constructed with a glass roof and walls. ...
Have a question or comment?
We're here to help.