On Zillow rental listings, the “Contacts” number indicates how many prospective renters have sent a direct inquiry through the platform. It helps landlords gauge interest but does not disclose personal contact details.
Unimproved land is a parcel that has not been developed or altered by human activity, lacking buildings, roads, or utilities. It remains in a natural or undeveloped state and is often used for agriculture, conservation, or future development.
Occupancy duration refers to the total length of time an individual or entity occupies a specific space, such as a residence, hotel room, or office. It is a key metric used across real estate, hospitality, and urban planning to analyze usage patterns and financial viability.
RVM in real estate stands for Robotic Valuation Model. It is an automated system used to estimate the market value of a property using big data and machine learning algorithms.
Deeded access to a lake refers to a property right granting owners specific privileges to use a lake, often including docking, swimming, or boat launching. This access is tied to the land deed and transfers with property ownership. It differs from public access or riparian rights, as it is a contractual obligation recorded in property records.
Exclusive use of property is a legal right that allows a specific individual or entity to occupy and utilize a space to the exclusion of others. This right is common in real estate, tenancy agreements, and homeowners association (HOA) bylaws.
Unrestricted land is property without specific legal or regulatory limits on its use, allowing owners broad flexibility for development, agriculture, or resource extraction, subject only to general laws. The term helps distinguish such parcels from those bound by zoning, easements, or conservation rules.
In real estate, TLC stands for ‘Tender Loving Care’ and refers to properties needing minor repairs or cosmetic improvements. It indicates that a home requires some attention to enhance its condition and value.
A lack of real estate secured loan information refers to the absence or incompleteness of data about loans that are backed by property. This can affect borrowers, lenders, and credit reporting agencies by reducing transparency and increasing risk. Understanding the causes and implications helps stakeholders navigate financial decisions more effectively.
First and last month’s rent is a common upfront payment requirement in residential leasing, where a tenant pays the rent for the first month and the final month of the lease term at signing. This practice provides landlords with a financial safeguard and helps ensure rent coverage for the entire lease period.