by Ethan Atkinson | May 31, 2026 | A-E, PropertyPedia
A condominium conversion is the process of legally transforming an existing residential property, typically a rental apartment building, into individually owned condominium units. During a conversion, the property is subdivided into separate ownership interests, with...
by Ethan Atkinson | May 31, 2026 | A-E, PropertyPedia
A Condominium One-Time Capital Improvement Contribution is a nonrecurring fee assessed by a condominium association and paid by a purchaser at the time of a property transfer. The contribution is typically collected during the closing process and deposited into the...
by Ethan Atkinson | May 31, 2026 | P-T, PropertyPedia
Pervious pavement, also known as permeable pavement, is a specialized paving system designed to allow water to pass through its surface and infiltrate into the underlying soil. Unlike conventional impervious surfaces such as asphalt and concrete, pervious pavement is...
by Ethan Atkinson | May 28, 2026 | P-T, PropertyPedia
Reliction is a legal term in real estate that refers to the gradual and permanent exposure of land caused by the natural recession of water from a shoreline, riverbank, lake, or other body of water. As the water slowly withdraws over time, additional dry land becomes...
by Ethan Atkinson | May 28, 2026 | F-J, PropertyPedia
FAR stands for Floor Area Ratio (sometimes called FSI, or Floor Space Index). This ratio tells you how much you’re allowed to build on a parcel of land; it’s a ratio that compares the total floor space in a building to the size of the plot it sits on. It’s pretty...
