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Plot structures include a house, private walkways, and at the back - a detached garage with a drive access to the alley and a small area for refuse. In real estate, a Land lot or plot of land is a tract or parcel of land owned or meant to be owned by some owner (s). A plot is essentially considered a parcel of real property in some countries or ...
Floor area ratio ( FAR) is the ratio of a building's total floor area (gross floor area) to the size of the piece of land upon which it is built. It is often used as one of the regulations in city planning along with the building-to-land ratio. [1] The terms can also refer to limits imposed on such a ratio through zoning.
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 ...
They had been living in a small two-bedroom unit and are now buying a house on five acres of land. Savings can also be rolled over into improving quality of life inside and outside the house.
In November 2005, Christ Church in New York sold its vertical development rights for a record $430 per square foot, making more than $30 million on the sale for the right to build in the space over its building. United Kingdom. Airspace around a property in most of the United Kingdom is divided into the "lower stratum" and "upper stratum".
Plat. A plat map that shows the location of a lot for sale. In the United States, a plat ( / plæt / [1] or / plɑːt /) [2] ( plan) is a cadastral map, drawn to scale, showing the divisions of a piece of land. United States General Land Office surveyors drafted township plats of Public Lands Surveys to show the distance and bearing between ...
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