Special-Purpose Property at Real Estate Glossary

What is it? Hotels, resorts, nursing homes, theaters, schools, places of worship and other organizations whose specialized needs dictate the design and operation of the property.

Real Estate Definition Added By: Brendan

Send To Friends!

If you'd like to send the Special-Purpose Property definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Special-Purpose Property. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Real Estate Terms:

Real Estate Term Project budget is A fiscal outline that includes the construction budget and all costs for land, furniture, equipment, financing, professional services, contingencies and owner-furnished goods and services.

Real Estate Term Split-level style is A home that is a ranch-style house stacked to fit on a smaller lot and perhaps to accommodate a garage.

Real Estate Term Loan Constant is The annual payment required per dollar of a mortgage loan, including principal and interest.

Real Estate Term Confession Of Judgment Clause is Permits judgment to be entered against a debtor without the creditors needing to institute legal proceedings.

Real Estate Term Recording is The filing of a specific document to the appropriate government entity.