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In real estate, a land lot or plot of land is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries.
Vacant possession refers to the typical condition in which a seller must hand over a property to a buyer upon completion, or a tenant must return the property to a landlord at the end of a lease. In simple terms, it means that the rightful person, such as a buyer or a landlord, can peacefully and fully utilize the property.
The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria the highest and best use must meet are legal permissibility, physical possibility, financial feasibility, and maximum productivity.
Lenders consider vacant land a riskier investment than a house that’s already built, and they charge more to finance it as a result. For this reason, paying cash if you can is a good strategy.
There's no doubt that buying vacant land can be a great investment. But as with any investment, it's not for everyone. Unlike many other investments, land doesn't pay any income, doesn't trade on ...
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
Land use plans are implemented through land division and use ordinances and regulations, such as zoning regulations. The urban growth boundary is one form of land-use regulation. For example, Portland, Oregon is required to have an urban growth boundary which contains at least 20,000 acres (81 km 2) of vacant land. Additionally, Oregon ...
The city has owned the 0.2-acre — or about 8,700 square-foot — rectangle of land since October 2016, according to Polk County property records. ... Apartment building coming to vacant land in ...