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Single-room occupancy (SRO) is a type of low-cost housing typically aimed at residents with low or minimal incomes, or single adults who like a minimalist lifestyle, who rent small, furnished single rooms with a bed, chair, and sometimes a small desk. [1]
It is illegal to impose any zoning, building, or real estate codes that have not been imposed on other non-planned residential communities. Eminent domain is a hot button issue that has affected the relationship between the government and its citizens. The North Carolina Planned Community Act provides a payment allocation plan for lots taken by ...
In more affluent areas, tenement flats form spacious privately owned houses, some with up to six bedrooms, which continue to be desirable properties. [1] Tenements at Park Avenue and 107th Street, New York City, c. 1898–1910. In the United States, the term tenement initially meant a large building with multiple small spaces to rent.
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
Site plans say “Hotel 1” will have 138 rooms and “Hotel 2” will have 111 rooms. They’ll share a pool, fitness center, meeting space and 283 parking spaces.
In the real estate industry the term commonly denotes small one- or two-bedroom houses, often older homes but sometimes low-cost new developments. The concept originated in the United States during the post-World War II era when entry-level home ownership was a preferred option for young families and regarded as part of the American Dream .
The definition of this type of house may vary between legal jurisdictions or statistical agencies. The definition, however, generally includes two elements: Single-family (home, house, or dwelling) means that the building is usually occupied by just one household or family and consists of just one dwelling unit or suite.
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...