Real Estate Term of the Day: Encroachment ENCROACHMENT – a building, a part of a building, or an obstruction that physically intrudes upon, overlaps, or trespasses upon the property of another (Barron’s Dictionary of Real Estate Terms) Encroachments can be found by a title search and/or land survey (in most cases an ILC – Improvement … More Real Estate Term of the Day: Encroachment
Real Estate Term of the Day: Eminent Domain EMINENT DOMAIN – the right of the government or a public utility to acquire property for necessary public use by condemnation; the owner must be fairly compensated (Barron’s Dictionary of Real Estate Terms) A recent example of eminent domain use is the construction of the RTD FasTracks … More Real Estate Term of the Day: Eminent Domain
Real Estate Term of the Day: EIFS EIFS (aka: Exterior Insulating and Finish Systems) – a synthetic alternative to natural stucco, a cement-based material used for finishing the exterior of houses and other buildings (Barron’s Dictionary of Real Estate Terms) According to Whole Building Design Guide (WBDG), “Exterior Insulation and Finish System (EIFS) is an … More Real Estate Term of the Day: EIFS (Exterior Insulating and Finish Systems)
Real Estate Term of the Day: Easement EASEMENT – the right, privilege, or interest that one party has in the land of another (Barron’s Dictionary of Real Estate Terms) Common types of easements that can show up on a property title search include: Utility: storm drain sanitary sewer electrical power telephone line gas pipe Road … More Real Estate Term of the Day: Easement
LESLIE MONACO REAL ESTATE 