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Glossary of Terms
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Glossary of Terms

From 'Abstract of Title' to 'Triple-Mint', the arcana of real estate explained.Browse alphabetically by choosing a letter from the list below.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
B
Term Description
Balcony: An outdoor space that protrudes from a building and is usually enjoyed for the private use of an apartment owner.
Building Amenities: Each building has something to offer its owners or tenants.   These are called amenities.  Amenities can be basic such as a doorman or as unique as high speed Internet access.  Other common amenities include garages, valet services, health clubs, pools, recreational rooms, laundry facilities, etc.
Built: Refers to the actual exterior dimensions of a building on a lot.  For instance, a townhouse might be built 20' x 70' on a 20' x 100' lot.  Today, city zoning regulations impose tough restrictions on how large a new building may be built on a lot.

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