What Does Cookie Cutter Houses Mean In Real Estate? Cookie-cutter houses are a type of housing development where all the homes have identical appearances and floor plans. In real estate, the term “cookie-cutter houses” refers to homes that are built with a similar design and layout, often in large developments or subdivisions. These homes are […]

What Does a Florida Room Mean in Real Estate? A Florida room is a residential amenity living space addition built onto a home’s back or side wall with a roof. It is also known by many aliases, including a sun room, solarium, garden room, patio room, sun porch, winter garden and conservatory. It was originally […]

What Does Bachelor Pad Apartment in Real Estate? A bachelor pad is a home (pad) in which a bachelor or bachelors (single men) live. It is typically an apartment rented by a single man or shared by a group of unmarried male friends. Bachelor pads are often furnished with items such as John Wayne American […]

What Is Easement In Construction? Easement in construction is a legal right that one party has to use the land of another party for a specific purpose such as access to a public road. Easements can be created by agreement between two parties or they can be established by deed, will or court judgment. Easements […]

What Is A Quitclaim Deed? A quitclaim deed is a simple legal document designed to facilitate the transfer of a property’s title from one party, the grantor, to another party, the grantee. This type of transaction does not involve any changes on the deed such as mortgage or lien payments and provides very little legal […]

What Is Landed Property? A landed property is a real estate asset that provides an income for the owner, usually someone from the upper class in society, without them needing to be directly involved with managing or running the property. Instead, their wealth is generated through tenants’ rents or sale proceeds from the land itself. […]

What Is Commonhold Ownership? Commonhold is an innovative form of ownership in England and Wales that allows occupants to own their units indefinitely while sharing the ownership and responsibility for common areas and services amongst occupiers. Under this freehold system, each occupant holds a unit title (flat or house) owner representing the individual’s fractional share […]

What Is A Concurrent Estate In Real Estate? Concurrent estate or co-tenancy in property law refers to the ownership of a property by more than one person at the same time. These co-owners are commonly referred to as co-tenants or joint tenants, with joint tenancy indicating a right of survivorship. Most common law jurisdictions acknowledge […]