Deeded lake access refers to a legal right, conveyed through a deed, that grants an individual or entity explicit ownership of land adjacent to a lake, often including the privilege to use a shoreline for recreational purposes such as boating or fishing.
R-1c zoning is a residential land-use designation that specifies certain restrictions on building size, density, and use within a particular area.
SFR is an abbreviation used in real estate to denote a Single Family Residential property, which is a standalone home intended for the occupancy of one household.
Releasing a mortgage refers to the process by which a lender removes its security interest from a property after the mortgage has been fully repaid, thereby freeing the title for sale or further financing.
In real estate, ‘PC’ commonly stands for ‘Penthouse,’ referring to a luxury apartment or unit located on the top floor of a building with direct access.
Annual recertification is a process requiring professionals to renew their certification each year, ensuring they maintain up-to-date knowledge and skills in their field.
International shipment release import refers to the process by which customs authorities clear imported goods, allowing them to enter a country’s domestic market after being transported across international borders.
A house being condemned indicates it fails to meet safety, health, or building code standards, leading authorities to declare it unfit for occupancy and often requiring demolition or repairs.
‘Let agreed’ is a term used in property leasing, indicating that the landlord and tenant have reached an agreement on the lease terms, pending formal contract signing.
Reo Occupied refers to properties that have been sold in a Real Estate Owned (REO) transaction, where the lending institution owns the property after a foreclosure and is actively seeking to sell it.