Raw land that has been prepared for the construction of buildings, including the installation of improvements such as sewer and electric lines, streets, public facilities and common areas, and so on. This phrase may refer to any unit of real property such as a lot, parcel, complex, or development.
Definition: A single-round auction where all bidders submit their bids simultaneously and without knowledge of the offers made by competing bidders; usually the bids are in writing and delivered to the auctioneer in a sealed envelope. The highest bid wins the auction. The sealed-bid auction method does not allow for open, competitive bidding and is therefore not a true auction.
Also known as a sealed-bid auction or a sealed first-price auction.
Terms, Definitions, and Concepts: Auction, Real Estate
An article which was once personal property but has been so affixed to real estate that it has become real property (stoves, bookcases, trees and landscaping, etc.). If determined to be a fixture, then ownership of the article transfers with the real property even though it is not mentioned in the deed.
A room or set of rooms divided from others in the same building and leased as a separate dwelling; usually including at least a bathroom, kitchen or kitchenette, and a sleeping area.
Also known as an apartment.
A flood wall, also known as a levee or dike, is a natural or man-made flood-control structure usually consisting of a wall or mound of earth (sometimes rock or stone) running generally parallel to a river or other drainage channel, or along ocean frontage. Flood walls help to contain floods within the channel by raising the height of the riverbank, thereby allowing the channel to hold a greater volume of water
before flooding begins. Flood walls are also used to protect low-lying land near the ocean that has been reclaimed by pumping and dredging and developed, as in the coastal areas of Louisiana (United States) or the Netherlands.
Food grade buckets will store food for upwards of 25-years, keeping food airtight, safe and dry. A pail of dehydrated potatoes by Augason Farms is packed in a food grade bucket with oxygen absorbers. Opening such a bucket requires a special tool.
One (1) foot is equal to 12 inches. One (1) foot is equal to 0.3048 meters. One (1) foot is equal to 30.48 centimeters. One (1) foot is equal to 0.0152 chains. One (1) foot is equal to 0.0015 furlongs. One (1) foot is equal to 0.0003 kilometers. One (1) foot is equal to 1.5152 links. One (1) foot is equal to 0.00019 miles. One (1) foot is equal to 0.0606 rods, poles, or perches. One (1) foot is equal to 0.3333 yards.
See the various Converting feet to... entries for conversion examples.
(Plural: feet) A unit of length equal to 12 inches, taken from the average length of the human foot. One (1) foot is equal to 0.3048 meters. See also Foot (feet) equivalents and conversions and the various Converting feet to... entries.