- A column designed to support a concentrated load. A pier column is made out of steel, steel reinforced concrete or wood.
- A structure extending out into the water supported by numerous columns providing access to water or vessels.
Popular Real Estate Terms
Agreement between the lessee and lessor specifying the lessee's rights to use the leased property for a given time at a specified rental payment. As rental payments are made, rent expense ...
Financial interest a developer has in a development. The interest may be a direct investment or a percentage interest in the overall profit. ...
Roof having four triangular sides forming a point at the top of a pyramid. A pyramid roof is primarily used for steeples on top of churches or certain public buildings. ...
Expected market value of property if sold today. ...
Limited partnership in which limited partners rely on the general partner to choose specific properties after the funds are available. ...
A map that shows land elevations. ...
Schedule which is part of Form 1040 showing income or loss from real estate transactions including net rental income (rental revenue less rental expenses). ...
Timeshare homes is the popular name given to the concept of fractional ownership in real estate, and, in fact, is a better term to explain its meaning.Why?Well, fractional ownership means ...
The amount of money a developer must directly invest in order to obtain a development loan. It pays for the initial development cost including costs for items such as architectural plans, ...
Comments for Pier
Is a pier or boat lift considered real estate and part of a property when it goes up for sale?
Jan 06, 2021 13:01:48Hey 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 13:01:42Have a question or comment?
We're here to help.