REAL 1820 Lecture Notes - Lecture 1: Convenience Store
10 Oct 2018
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Real 1820 -- characteristics of real estate notes (09/10) An 1: row housing / townhouse: a row of similar units share sidewalls (in use since. Two major subcategories (below) have large variations in building materials and structures hard to convert to other use: warehouse: store goods or materials. An 2: plants or factories: often custom-built to meet the demand of a particular process or production line. Business parks: large landscaped area hosting a number of structures (light manufacturing, warehousing, retail stores, etc) Housing tenure: the financial arrangement under which someone has the right to live in a residential unit. Responsible for administration: leasehold: mixed form of ownership / tenancy, land is leased to the home owner by the landowner (city gov"t or special groups, building is owned. Is cheaper, but comes with risks: need to check lease agreement for the land, such as the terms of the lease, etc.
