by Ethan Atkinson | Jul 1, 2026 | F-J, PropertyPedia
Fractional or Severed Wind Rights refer to the ownership or control of the right to develop, lease, or receive income from the wind resources over a parcel of land when those rights have been divided from the ownership of the surface estate. In some areas,...
by Ethan Atkinson | Jun 17, 2026 | F-J, PropertyPedia
Interim occupancy is a period during which a purchaser is permitted to occupy a property before legal title is formally transferred. Most commonly associated with newly constructed condominiums, interim occupancy begins when the unit is ready for possession but the...
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 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...
by Ethan Atkinson | May 19, 2026 | F-J, PropertyPedia
A form-based code is a land development regulation system that emphasizes the physical form, design, and spatial relationship of buildings and public spaces rather than strictly separating land uses through conventional zoning categories. Unlike traditional zoning...
