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

Unequal treatment and denial of opportunity to individuals based on race, color, creed, nationality, age, or sex. The Civil Rights Acts passed by the U.S. Congress included those of 1866, ...

Detailed financial accounting of all the credits and debits for the buyer and seller upon consummation of a real estate sale. ...

Provision in a mortgage that requires the final payment to be substantially more than all other payments. ...

History of an individual's credit financial transactions including a detailed payment analysis. The creditor history is critical for performing a credit analysis to develop a credit rating. ...

Heating system hidden behind special panels, the walls, or the ceiling. Can use electric heating elements, hot air, or hot water pipes. ...

Heat resistance measure commonly used with insulating material, outside walls, and roofs. The higher the R value, the more heat transfer resistance a material has." ...

Interest rate on a mortgage that moves up or down based on some variable such as an index of lender's cost of funds, inflation rate, or prime rate. ...

Unsecured long-term debt. There is no collateral or lien on the property. A debenture can only be issued by a financially sound borrower with an excellent credit rating because no ...

A form of life or disability insurance where a mortgagor insures a mortgage in the event of death or disability. The principal covered by mortgage insurance declines as the mortgage is ...

Popular Real Estate Questions