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

A lessening in the inflation rate. This may occur during a recession when insufficient demand prevents sellers from passing on higher prices to prospective buyers of houses. See also ...

Something coming before. Examples are the year before, first lien on property, and previous owner of property. ...

One who has committed a tort. A tort is a civil wrong that occurs as a result of a breach of legal duty owed to someone, e.g., negligence. A tort does not arise from a breach of contract. ...

Local group of real estate brokers who are members of the State and National Board of REALTORS®. Meets regularly with their membership and helps determine licensing requirements as well as ...

Doing business as, or DBA, means an official moniker for your enterprise or company. Regularly, a DBA is a state certificate serving as a registration name and issued under a ...

Passing of title to property that is in fact not valid. ...

Under current tax law, real estate is depreciated under either the straight-line method or modified accelerated cost recovery system (MACRS) method. See also MACRS. ...

A lien that makes property security for the repayment of debt. Mortgages can finance the acquisition of real estate such as a home. A mortgage has certain benefits compared to other debt ...

Early American style 1 story house with a steep gable roof covered with shingles. The bedrooms are on the first floor, but the attic is often finished and made into additional bedrooms. ...

Popular Real Estate Questions