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...
by Ethan Atkinson | May 28, 2026 | A-E, PropertyPedia
In a condominium, the difference between deeded parking and assigned parking is significant. A deeded parking space is primarily under the control of the unit owner, while an assigned parking space is under control of the homeowners’ association. If parking is...
by Ethan Atkinson | May 19, 2026 | A-E, PropertyPedia
An avigation easement is a legal property right granting aircraft the ability to pass through the airspace above a parcel of land, typically in proximity to airports, airfields, or designated flight corridors. This type of easement allows aircraft operations that may...
by Ethan Atkinson | May 19, 2026 | F-J, PropertyPedia
Horizontal improvements are the physical infrastructure components installed on a parcel of land to prepare it for development and occupancy prior to vertical construction. Unlike vertical improvements, which refer to buildings and above-ground structures, horizontal...
by Ethan Atkinson | May 19, 2026 | F-J, PropertyPedia
A Guaranteed Maximum Price (GMP) is a construction contract arrangement in which a contractor agrees to complete a project for a price that will not exceed a specified maximum amount, except in cases involving approved scope changes or unforeseen conditions defined...
