An accumulation of land held for future use.

A certificate given by the federal government enabling one to obtain land by following certain registration processes. Used in the late 1800’s.

An installment contract for the sale of land. The seller (vendor) has legal title until paid in full. The buyer (vendee) has equitable title during the contract term.

A loan secured by a mortgage or deed of trust to prepare raw land for construction of structures. (See: Manufactured Lot).

A gift of public land by the federal government to a state or local government, corporation, or individual.

A loan with collateral security of unimproved land. Usually the loan to value ratio is less than on improved land.

See: Patent.

Giving land a higher (more commercial) use by physically changing it (drainage, irrigation, fill, etc.).

An appraisal technique by which land value is determined by first determining the net return attributable to the building only; and deducting it from the total return to the property (may be estimated); the residual amount is capitalized to find the land value. The building value may be determined by construction costs (new building), depreciated construction costs (if only a few years old), or estimated present construction costs (if an older building).

A map of a given area, showing the different land uses in the area.

The development of long range plans for the use of land in a given area, such as through zoning plans.

A general term encompassing any regulation of land, whether pubic (zoning) or private (restrictive covenants).

An appraisal map showing the value of property in given areas, either in acres, square footage, or front footage.

See: Warrant.

Being short of money because of owning an excess of property which does not produce income.

An access road between parcels of land and another public road or highway.

Originally used to describe freehold estates only, it has come to mean the most technical and all-inclusive description of real estate.

(1) A place for loading and unloading people or cargo from a boat, train, etc. (2) A flat surface adjoining a staircase at the top, bottom, or between flights.

A parcel of land surrounded entirely by privately owned land, with no access to a public right of way (road). Condemnation for a limited access highway is a major cause of such parcels.

An owner of leased real estate.

A warrant enabling a landlord to levy upon a tenant’s personal property (furniture, etc.) and to sell this property at a public sale to collect delinquent rent.