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Floor Area ratio is sometimes called floor space ratio (FSR), floor space index (FSI), site ratio or plot ratio. The difference between FAR and FSI is that the first is a ratio, while the latter is an index. Index numbers are values expressed as a percentage of a single base figure. Thus an FAR of 1.5 is translated as an FSI of 150%.
Floor area. In architecture, construction, and real estate, floor area, floor space, or floorspace is the area (measured in square metres or square feet) taken up by a building or part of it. The ways of defining "floor area" depend on what factors of the building should or should not be included, such as external walls, internal walls ...
Each tenant pays their pro rata share of a property's total CAM charges, which prorated share is the percentage of the tenant's rented square footage of the total, rentable square footage of the property. A common example of a CAM item is the cost of cleaning the walkways in a shopping mall. It is assumed that every tenant benefits from a clean ...
There were over a million single-family homes built in the U.S. in 2022, according to a report by the Census Bureau, and the median square footage was well over 2,000 square feet. That’s a lot ...
It represents a dollar per thousand of a property’s assessed value. The tax rate is applied to the assessed value to calculate the property tax bill. Step 3: Calculate Property Tax.
Real estate appraisal. Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation.
Common area. A common area is, in real estate or real property law, the "area which is available for use by more than one person..." [1] The common areas are those that are available for common use by all tenants, (or) groups of tenants and their invitees. [2][3] In Texas and other parts of the United States, it is "An area inside a housing ...
Comparison of 1 square foot with some Imperial and metric units of area. The square foot (pl. square feet; abbreviated sq ft, sf, or ft 2; also denoted by ' 2 and ⏍) is an imperial unit and U.S. customary unit (non-SI, non-metric) of area, used mainly in the United States and partially in Canada, the United Kingdom, Bangladesh, India, Nepal, Pakistan, Ghana, Liberia, Malaysia, Myanmar ...