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Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
Single-room occupancy (SRO) is a type of low-cost housing typically aimed at residents with low or minimal incomes, [1] or single adults who like a minimalist lifestyle, who rent small, furnished single rooms with a bed, chair, and sometimes a small desk. [2]
A bedroom or bedchamber is a room situated within a residential or accommodation unit characterized by its usage for sleeping. A typical western bedroom contains as bedroom furniture one or two beds, a clothes closet, and bedside table and dressing table, both of which usually contain drawers. In dwellings with multiple stories, bedrooms are ...
The definitions of these terms do not specify the physical relationship between the two dwelling units in the building. In cities such as Buffalo, Detroit and Chicago, the term "two-flat" is used and defines as a "residential building that contains 2 dwelling units located on a single lot. The dwelling units must share a common wall or common ...
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.
In the real estate industry the term commonly denotes small one- or two-bedroom houses, often older homes but sometimes low-cost new developments. The concept originated in the United States during the post-World War II era when entry-level home ownership was a preferred option for young families and regarded as part of the American Dream .
In colloquial Russian, there is a word "studiya", which means apartments with a combined bedroom and kitchen area. Russian studio apartments are represented in different segments of real estate. In economy class, these are flats of small square footage. But studio apartments also exist on a large area, and even in elite flats.
Turnkey refers to something that is ready for immediate use, generally used in the sale or supply of goods or services. The word is a reference to the fact that the customer, upon receiving the product, just needs to turn the ignition key to make it operational, or that the key just needs to be turned over to the customer. [4]