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...
by Ethan Atkinson | May 19, 2026 | F-J, PropertyPedia
A flag lot is a parcel of land characterized by an irregular shape in which the main buildable portion of the property is set back from the public street and connected to it by a long, narrow access strip. The configuration resembles a flag attached to a pole, with...
by Ethan Atkinson | May 18, 2026 | F-J, PropertyPedia
Fee simple absolute is the highest and most complete form of property ownership recognized under modern real estate law. It grants the owner full possessory rights to the property for an indefinite duration, including the rights to occupy, use, sell, lease, transfer,...
by Ethan Atkinson | May 17, 2026 | F-J, PropertyPedia
The Fair Housing Amendments Act of 1988 (FHAA) is a federal law that expanded and strengthened the protections established under the Fair Housing Act of 1968. Enacted as Title VIII amendments to the Civil Rights Act, the FHAA prohibits discrimination in the sale,...
by Ethan Atkinson | May 15, 2026 | F-J, PropertyPedia
The Homeowners Protection Act (“HPA”), also known as the Private Mortgage Insurance Cancellation Act of 1998, is a federal law that establishes rules for the cancellation and termination of private mortgage insurance (“PMI”) on certain residential mortgage loans. PMI...
