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Floor area ratio (FAR) is the ratio of a building's total floor area to the size of the land on which it is built. Learn how FAR is used in city planning, zoning, and land value, and see regional variations and examples.
Learn how property tax is imposed, computed, and collected by local governments in the US. Find out the factors that affect property tax rates, such as property type, assessment ratio, and taxing jurisdiction.
A house price index (HPI) measures the price changes of residential housing as a percentage change from some specific start date. Learn about different methods, sources, and applications of HPI in the US and the UK.
Learn about commercial property, also called commercial real estate, investment property or income property, and its types, categories, and investment aspects. Find out the value, market conditions, and transaction process of commercial property in the US and Europe.
A common area is a space that is shared by multiple users or tenants in a building, complex, or facility. Learn about the types, functions, and legal aspects of common areas, as well as how they are taxed differently depending on the property type.
Rental value is the fair market value of property while rented out in a lease. More generally, it may be the consideration paid under the lease for the right to occupy, or the royalties or return received by a lessor ( landlord ) under a license to real property . [ 1 ]
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