𝗕𝗔𝗦𝗜𝗖 𝗧𝗘𝗥𝗠𝗦 𝗧𝗢 𝗞𝗡𝗢𝗪 𝗜𝗡 𝗥𝗘𝗔𝗟 𝗘𝗦𝗧𝗔𝗧𝗘.

As an investor, real estate enthusiast, intending real estate professional, etc, these are some fundamental terms to know in the real estate world. They are as follows:

𝗣𝗹𝗼𝘁: A small area of land, usually marked by boundaries. It is used or intended for a specific purpose.

𝗧𝗼𝗽𝗼𝗴𝗿𝗮𝗽𝗵𝘆: The study of land surface features (especially the position of its rivers, mountains, etc) and contours.

𝗣𝗮𝗿𝗰𝗲𝗹: A piece of land, often used for development or sale.

𝗦𝘂𝗿𝘃𝗲𝘆: The process of measuring, recording and mapping land boundaries. It is normally done by a professional and licensed surveyor.

𝗧𝗶𝘁𝗹𝗲: A document showing or proving ownership of a property.

𝗘𝗮𝘀𝗲𝗺𝗲𝗻𝘁: The right to use someone else's land for a specific purpose.

𝗕𝗼𝘂𝗻𝗱𝗮𝗿𝘆: The physical limit of a property.

𝗘𝗹𝗲𝘃𝗮𝘁𝗶𝗼𝗻: The height of land above sea level.

𝗖𝗼𝗻𝘁𝗼𝘂𝗿: A line on a map showing land elevation.

𝗙𝗿𝗲𝗲𝗵𝗼𝗹𝗱: Ownership of land and property without restrictions.

𝗟𝗲𝗮𝘀𝗲𝗵𝗼𝗹𝗱: Ownership of land and property for a fixed period.

𝗧𝗲𝗻𝘂𝗿𝗲: The legal right or system of land ownership and occupation.

𝗣𝗮𝗿𝘁𝗶𝘁𝗶𝗼𝗻: Dividing land among owners. These terms are very important for understanding transactions, development, and management in real estate. As a real estate investor, it's very vital to be knowledgeable in some basics of real estate. This will definitely help you a lot.

Hope you got value? Let's talk Everything Real Estate.