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A party wall (occasionally parti-wall or parting wall, shared wall, also known as common wall or as a demising wall) is a wall shared by two adjoining properties. [1] Typically, the builder lays the wall along a property line dividing two terraced houses , so that one half of the wall's thickness lies on each side.
States vary in how they tax common areas, for real estate tax purposes. It may depend on whether it is a condo or a co-op. For example, the state of Arizona taxes "residential common areas" in housing developments with a flat tax, but common areas of condominiums and golf courses are assessed separately. [18]
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 ...
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 ...
A semi-detached house (often abbreviated to semi) is a single-family duplex dwelling that shares one common wall with its neighbour. The name distinguishes this style of construction from detached houses, with no shared walls, and terraced houses, with a shared wall on both sides. Often, semi-detached houses are built in pairs in which each ...
“Rental real estate is a great way to create wealth, equity and extra income,” said Ryan Stewman, real estate sales and marketing expert with the Break Free Academy and author of “Elevator ...
The most common architectural house and home styles in America include colonial, Cape Cod, ranch, and more. Learn how to identify these house styles.
A wooden house in Tartu, Estonia. This is a list of house types.Houses can be built in a large variety of configurations. A basic division is between free-standing or single-family detached homes and various types of attached or multi-family residential dwellings.