An acre is a standard unit of measurement used in the real estate and agriculture industries to denote a specific amount of land. It is used extensively in property transactions, valuations, and farming.
Acreage refers to the measurement of land specifically denoting parcels over one acre, commonly used in agricultural, rural, and development scenarios to define and quantify large plots of land.
An animal unit is a unit of measure indicating the ability of land to support range animals. Generally, a 1,000-pound animal is equal to 1 unit; a 250-pound animal is ¼ unit.
In real estate, 'area' refers to a two-dimensional space defined by boundaries, such as floor area, the area of a lot, and market area. The concept of area is crucial in various real estate applications including property assessment, planning, and development.
A front foot is a standard measurement of land length, applied along the frontage at the street line. It is often used for lots of generally uniform depth in commercial or downtown areas.
Frontage refers to the linear distance that a piece of land directly abuts along a defined edge, such as a lake, river, street, or highway. It is a significant factor in real estate appraisal, as it often correlates with the desirability and value of a property.
A hectare is a metric unit of area measurement used in the real estate industry, equivalent to 10,000 square meters or approximately 2.471 acres. It is commonly used for larger plots of land in agricultural, forestry, and urban planning contexts.
A quadrangle is a square-shaped land area 24 miles on each side, utilized in the Government Rectangular Survey method of land description. Each quadrangle contains 16 townships.
A Section (of Land) is a unit of area measurement in the U.S. Public Land Survey System (PLSS) often used in real estate and land development. It is defined as one square mile and is part of a larger 6-mile by 6-mile Township.
A survey in real estate refers to the process by which a parcel of land is measured and its area ascertained. It involves detailed measurements, boundaries, areas, and contours and can also refer to canvassing attitudes or market characteristics in the real estate market.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!