房地产投资-建筑常用词

常用词

建筑常用词

Building Approval – the number of dwellings approved to be constructed in a given month, quarter or year.

Final Inspection Report – a certification issued by a local council or building inspector that building works for a home are complete and the home is ready to be lived in.

Right of Way – A person may have a right to cross your property to gain access to his/her own property or there may be a public pathway across the land.

Square – an old imperial unit of area measurement. 1 square = 10 feet x 10 feet in area, which in metric measure is equivalent to 9.29m2.

Strata Title – system of land title based on the horizontal sub-division of air space whereby all the owners combined own the land, but have absolute right to sell / transfer their strata-titled property to a new owner. The most common form of strata title is a home unit.

Subdivision – a parcel of land divided into individual lots.

Urban Renewal – the process of rehabilitating urban (city) areas, by demolishing, remodelling or repairing existing structures and buildings, public buildings, parks, roadways and individual areas on cleared sites in accordance with a more or less comprehensive plan.