Reuse Appraisal
Definition of "Reuse appraisal"
Appraisal performed in accordance with the National Housing Act to determine the resale value of vacant or improved property in an urban area to be or under development. The renewal project may have certain restrictions and specifications placed upon it such as square footage, use of land, and density.
Popular Real Estate Terms
Generally, the definition of a deposition means a pre-trial and out-of-court testimony that is given under oath. A deposition is integral to the discovery process to establish a ...
Map within a governmental jurisdiction showing the boundary lines and ownership of all real property. A cadastral program produces the cadastral map. ...
The minimum age required for legal competency ( in most states 18 years). ...
Act occurring after the fact. ...
Local government ordinances governing real estate development including structural and design aspects. Zoning ordinances usually define various usage classifications ranging from ...
Predetermined price for a contract that will be the same irrespective of the actual costs incurred to complete it. This contract is advantageous to the buyer because he knows beforehand ...
Title that can be made null and void or defeated upon the satisfaction of a claim or the completion of some future contingency. ...
The value of property subject to tax. The tax equals the tax rate multiplied by the property's value. ...
Distance from the location of natural ground and water to the actual ground level. ...
Have a question or comment?
We're here to help.