Definition of "Pier"

  1. A column designed to support a concentrated load. A pier column is made out of steel, steel reinforced concrete or wood.
  2. A structure extending out into the water supported by numerous columns providing access to water or vessels.

Comments for Pier

Bob Johnson Bob Johnson said:

Is a pier or boat lift considered real estate and part of a property when it goes up for sale?

Jan 06, 2021  13:01:48

 
Real Estate Agent

Hey Bob! If the pier is attached to the waterfront property, it is part of it, and it sells together with the home. There are certain rights and regulations that restrict the owner’s ability to use the body of water or construct docks. Riparian rights and Littoral rights are two of the most important. However, if the property has a dock, the owner already has these rights; otherwise, the dock construction would be illegal.

Jan 11, 2021  13:01:42
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Increase in the value of property arising from holding it. The gain is realized only when the property is sold at which time it is taxable. An example is the increase in the appraised value ...

Past action of a property owner or tenant. ...

The meaning of a guarantee covers a legal and financially-binding agreement signed between three parties involved in real estate or financial transactions. In this document, typically ...

See effective tax rate. ...

In a construction loan, payments made to a contractor as the various construction stages are completed. The contractor uses progress payments to pay the various subcontractors and suppliers ...

Cash outlays required to maintain an investment position. ...

Book value is a quintessential term used in the financial world and the real estate business. Though, there are slight differences in its interpretation in these two areas of ...

An offering of securities, stock and/or debt, directly to investors rather then through the public exchange markets. An advantage of a private placement to a real estate business is that ...

If you are involved with real estate, chances are you've come across the term "convey" or conveyance. But what does convey mean in real estate? This term is crucial whether you're buying, ...

Popular Real Estate Questions