The cash deposit (including initial and additional deposits) paid by the prospective buyer of real property as evidence of his good faith intention to complete the transaction; called hand money or a binder in some states.
The Earthship began to take shape in the 70s. Mike Reynolds founder of Earthship Biotecture is a company that specializes in designing and building Earthships. Earthships are primarily designed to work as sustainable structures/buildings/homes using thermal mass construction and cross ventilation to regulate indoor temperature. Earthships are generally off-the-grid homes, limiting their need of fossil fuels or public utilities, they are built to use the available local resources, especially solar energy. Currently, Earthships are in use in almost every state in the U.S., Canada, as well as many European countries. The colder climates require the use of strong insulation on the outside of the tire walls, which was not common earlier.
An easement which is annexed to the ownership of one parcel of land that allows one party the use of his or her neighbor’s land and which runs with the land when the title is transferred to another party
The limited right of one person to use another's land (servient estate), which right is not created for the benefit of any land owned by the owner of the easement; that is, there is no dominant estate, as the easement attaches personally to the owner, not to the land.
The interface or transition zone between two ecosystems that differ in overall species composition, plant communities, structure, and function of key processes. These areas are often characterized by a higher degree of species diversity than either of the two adjoining ecosystems alone.
The right of state, federal, or municipal government to take private property for a necessary public use, with just compensation paid to the owner. The court action that allows private property to be acquired by a government entity is known as condemnation.
Smaller than master-planned communities, enclave communities typically blend different price ranges of neighborhoods with things like public recreation areas and parks, schools and professional landscaping. Recreational areas may include public swimming pools, tennis courts, and children's play grounds. Many offer large water features and gated access.
A usually metal chain used to measure length and distance. Less commonly used in land surveys than a Gunter's or surveyor's chain, the engineer's or Ramsden's chain is 100 feet in length, with 100 1-foot links. The terms "engineer's chain" and "Ramsden's chain" apply primarily to the measuring utensil itself and not to any particular unit of length.
Definition: A dynamic, single-item auction sale with open and competitive bidding that utilizes an iterative bidding process. The most common type of English auction is the open outcry auction, where the auctioneer places items on the auction block and bidders make verbal offers. Bids increase in increments determined by the auctioneer. However, a reverse auction may also be an English auction if it follows an iterative process where sellers' bids decrease in set increments.
Terms, Definitions, and Concepts: Auction, Real Estate
Also known as an open outcry auction or open ascending price auction.
A report which includes a detailed description of a proposed development project with emphasis on the existing environment setting, viewed from both a local and regional perspective, and a discussion of the probable impact of the project on the environment during all phases