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Management (Subscribe) Land and real estate management terms, definitions, and concepts.

Land Terms

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100-year water supply updated

Requirement of Arizona's Departments of Water Resources (ADWR) and Real Estate (ADRE) that developers (subdividers) demonstrate that an assured or adequate water supply will be physically, legally, and continuously available for the next 100 years in new subdivisions. If the subdivision is located within one of ADWR's Active Management Areas (AMA), a public report will not be issued and lots may not be sold until an assured 100-year water supply is demonstrated. Outside of AMA's, developers are required to ask ADWR for an assessment of the availability of water. In these areas, lots may still be sold even if ADWR deems the water supply inadequate, as long as this information is disclosed to prospective buyers.

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Abduction popular

1. The process of incorporating observations about a situation or phenomenon into a framework of prior knowledge, allowing one to propose possible explanations for it. This type of reasoning is necessary for the formulation of hypotheses using the scientific method. 2. Using specific observations or accepted scientific facts to develop tentative explanations for situations or phenomena. This process often involves the use of analogies in developing possible explanations, also known as hypotheses.

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Abductive reasoning popular

The process of incorporating observations about a situation or phenomenon into a framework of prior knowledge, allowing one to propose possible explanations for it. This type of reasoning is necessary for the formulation of hypotheses using the scientific method.

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Absorption rate

An estimate of the rate at which a particular classification of space, such as new office space, new housing, new condominium units and the like, will be sold or occupied each year

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Abstract of title popular

10 out of 10 stars (2 votes)

A concise, summarized history of the title to a specific parcel of real property, together with a statement of all liens and encumbrances affecting the property. The abstract of title does not guarantee or assure the validity of the title of the property. It merely discloses those items about the property which are of public record, and thus does not reveal such things as encroachments, forgeries, and the like.

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Abstraction method

Method of estimating the value of property uses similar properties available in the same market to extract the value of a parcel of land.

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Accretion updated

1. The gradual and natural growth of land resulting from forces of nature, as in sediment deposition by a river or stream.
2. The incremental augmentation or accrual of something, such as interest on an investment.

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Acre popular

8 out of 10 stars (9 votes)

Area measurement (square measure) used primarily in the United States. One (1) acre is equal to 43,560 square feet, 4,046.86 square meters, or 0.4047 hectares.

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Acre equivalents or conversions popular

10 out of 10 stars (1 vote)

One (1) acre equals 43,560 square feet. One (1) acre equals ten (10) square chains. One (1) acre equals 160 square rods, poles, or perches. One (1) acre equals 4,840 square yards. One (1) acre equals 4,046.856 square meters. One (1) acre equals 0.4047 hectares. One (1) acre equals 0.0016 square miles or sections. One (1) acre equals 0.004 square kilometers. One (1) acre equals 0.0000434 townships. One (1) acre equals 1.183676 arpents. One (1) acre equals 4.0 roods.

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Acreage limitation

With respect to agricultural commodity policies, acreage limitation generally refers to production controls on the amount of land that can be planted with a particular crop. This often refers to planting restrictions under an acreage reduction program, set-aside, or paid land diversion.

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Active Management Area (AMA)

Administered by the Arizona Department of Water Resources (ADWR), the state's Active Management Areas (AMA's) were established to provide long-term management and conservation of limited groundwater supplies. The five (5) AMA's - Prescott, Phoenix, Pinal, Tucson, and Santa Cruz - cover the majority of Arizona's agricultural land and urban population centers that exist where groundwater supplies are extremely limited. Rules governing water use and land development in AMA's are generally more stringent and focused on conservation of water resources in than elsewhere in the state. Applications for new development and subdivisions are managed by ADWR's Office of Assured and Adequate Water Supply under the Assured Water Supply Program.

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Actual age (effective age) popular

The amount of time that has passed since a building or other structure was built.

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Adequate Water Supply Program (Arizona) updated

This program operates outside Active Management Areas (AMA's) in the state of Arizona to address water availability in new subdivisions. Developers or subdividers are required to request a water supply assessment for the next 100 years from the Arizona Department of Water Resources (ADWR). If the 100-year water supply is deemed inadequate, lots may be sold only if the developer clearly discloses this fact to potential buyers.

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Adverse possession

7 out of 10 stars (4 votes)

The acquiring of title to real property owned by someone else, by means of open, notorious and continuous possession for the statutory period of time (varies by state).

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Aesthetic value

he additional value a property enjoys based on subjective criteria such as look or appeal.

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Aesthetic zoning

1. Zoning ordinances that specify certain types of architecture to encourage pleasing or beautiful building appearances. 2. Zoning ordinances that regulate uniformity of architecture, so that new construction is similar to and in scale with existing structures.

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Agricultural protection zoning popular

Zoning policies intended to protect farmland and farming activities from incompatible nonfarm uses, such as residential and commercial development. Agricultural protection zoning, aslo referred to as agricultural zoning, can specify many factors, such as preferred land use, minimum size of farm or the number of nonfarm or residential dwellings allowed. Agricultural zoning is usually based on historic land use, soil properties, and location and allows activities such as orchards, farms, ranching, or timber production.

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Agricultural zoning popular

Zoning policies intended to protect farmland and farming activities from incompatible nonfarm uses, such as residential and commercial development. Agricultural zoning, aslo referred to as agricultural protection zoning, can specify many factors, such as preferred land use, minimum size of farm or the number of nonfarm or residential dwellings allowed. Agricultural zoning is usually based on historic land use, soil properties, and location and allows activities such as orchards, farms, ranching, or timber production.

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Agroecology

Term describing the incorporation of ecological considerations into agricultural operations, with special emphasis on ecological and ecosystem sustainability.

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Allodial system

Title to real property that is free of encumbrances and obligations, including taxation. It denotes absolute or supreme ownership. Strictly defined, allodial title is not subject to county, state, or federal codes, ordinances, or zoning regulations ("police power"), nor can it be taken through legal or regulatory means ("inalienable"). In practical use, title in the United States is often said to be allodial (as opposed to feudal), even though it does not meet all of the qualifications listed above.

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Allodial tenure new

Land tenure characterized by the highest degree of ownership legally possible. Allodial tenure describes title to real property that is free of encumbrances and obligations, including taxation. It denotes absolute or supreme ownership. Strictly defined, allodial title is not subject to county, state, or federal codes, ordinances, or zoning regulations ("police power"), nor can it be taken through legal or regulatory means ("inalienable"). In practical use, title in the United States is often said to be allodial (as opposed to feudal), even though it does not meet all of the qualifications listed above.

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Allodial title updated popular

Title to real property that is free of encumberances and obligations, including taxation. It denotes absolute or supreme ownership. Strictly defined, allodial title is not subject to county, state, or federal codes, ordinances, or zoning regulations ("police power"), nor can it be taken through legal or regulatory means ("inalienable"). In practical use, title in the United States is often said to be allodial (as opposed to feudal), even though it does not meet all of the qualifications listed above.

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Allodium popular

1. Real property owned under allodial title - completely, independently, without rent, mortgage, encumberances, taxation or any other obligation to another.
2. Freehold estate; land which is the absolute, inalienable property of the owner.
3. Real estate held in absolute independence, without being subject to any rent, service, or acknowledgment to a superior.

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Alternative agriculture popular

Agricultural production that includes ecological and sustainability concerns in addition to economic and commodity values. Also known as sustainable agriculture, this set of farming methods often includes organic farming, locally-based food production, biological pest control, and unique marketing strategies. This type of system is sustainable in the sense that the social, economic, and ecological benefits can last for extended periods of time without degradation of natural resources.

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