Neighborhood
Definition of "Neighborhood"
Local geographic area with similar characteristics. It may be referred to by name (e.g., Brooklyn Heights, Palisades) and have designated boundaries. There are major streets such as for a shopping or restaurant district. Real estate property values partly depend on how good or bad the neighborhood is.
Popular Real Estate Terms
Stiff pipe used to cover electrical wiring for safety purposes. ...
Restitution or compensation for harm or wrong done. ...
A simple box-shaped house with clapboard siding and a gable roof. ...
Linkage of property ownership that connects the present owner to the original source of title. ...
Statement made verbally. It is better legally to have a written statement because verbal ones without witnesses may be denied. ...
Balcony or low ceiling overhang just above the main floor and between the next story. In a theater, a mezzanine is the first balcony above the stage. ...
Individual who gives false statements under oath, which is a criminal act punishable by imprisonment and fine. An example is signing a tax return that fraudently understates rental income, ...
Certificate issued by the government showing evidence that the veteran is qualified and the amount of guarantee available to maintain a VA loan. It is one of the documents necessary to ...
A certificate of ownership in a real estate company. Pledged assets for a borrowing. An example is an office building serving as collateral for the mortgage. Way of protecting property ...
Have a question or comment?
We're here to help.