by Ethan Atkinson | Feb 13, 2026 | P-T, PropertyPedia
In real estate transactions, a transfer tax is a tax imposed by a state or local government on the transfer of title to real property. The tax is typically calculated based on the consideration paid for the property. Transfer taxes are usually paid at the time of...
by Ethan Atkinson | Feb 13, 2026 | P-T, PropertyPedia
In real estate law, trade fixtures are items of personal property installed by a business tenant on leased premises for the purpose of conducting a trade or business. Although attached to the real property, they are intended for business use rather than as permanent...
by Ethan Atkinson | Feb 13, 2026 | P-T, PropertyPedia
In real estate and residential construction, a tract house is a home built according to the builder’s standard plans as part of a larger development or subdivision. Multiple homes are constructed using similar designs, materials, and layouts. Tract houses are...
by Ethan Atkinson | Feb 13, 2026 | P-T, PropertyPedia
In real estate, a tract is a parcel or area of land identified as a single unit. The term may refer to land of any size, depending on the context in which it is used. In some states, the term tract is used synonymously with subdivision to describe a planned...
by Ethan Atkinson | Feb 13, 2026 | P-T, PropertyPedia
In real estate and land surveying, a township is a unit of land division established under the federal rectangular survey system. It measures six miles on each side and encompasses a total area of thirty six square miles. Each township is divided into thirty six...
by Ethan Atkinson | Feb 13, 2026 | P-T, PropertyPedia
In real estate and civil law, a tort is a wrongful act or omission that causes harm to another person and is not based on a breach of contract. It gives rise to a civil action in which the injured party may seek damages or other remedies from the party responsible....
