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The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...
A fixture, [1] as a legal concept, means any physical property that is permanently attached (fixed) to real property (usually land). Property not affixed to real property is considered chattel property. Fixtures are treated as a part of real property, particularly in the case of a security interest. A classic example of a fixture is a building ...
Real estate agent. Lawn signs advertising houses for sale. Real estate agents and real estate brokers are people who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. [1] Brokers and agents are licensed by the state to ...
t. e. In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, refers to parcels of land and any associated structures which are the property of a person. In order for a structure (also called an improvement or fixture) to be considered part of the real property, it must be integrated with ...
The Real Estate Roundtable announced its formation of the Real Estate ISAC (RE-ISAC), an Information Sharing and Analysis Center, in February 2003. [6] [7] Jeffrey D. DeBoer has served as the president and CEO of The Real Estate Roundtable since its formation. [8] Randall K. Rowe was elected chairman in 1998. [9] John F. Fish became the ...
A formally laid table, set with a dinner service. Nested tables. Tables of various shapes, heights, and sizes are designed for specific uses: Dining room tables are designed to be used for formal dining. Bedside tables, nightstands, or night tables are small tables used in a bedroom.
Pond. A man made pond at sunset in Montgomery County, Ohio. Stereoscopic image of a pond in Central City Park, Macon, GA, c. 1877. A pond is a small, still, land-based body of water formed by pooling inside a depression, either naturally or artificially. A pond is smaller than a lake [1] and there are no official criteria distinguishing the two ...
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