by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate and architecture, Elevation refers to the exterior design or vertical view of a structure as seen from one side, most commonly the front. It shows the arrangement and appearance of features such as doors, windows, rooflines, and exterior materials....
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate law, Ejectment is a legal action brought to recover possession of real property from someone who is unlawfully occupying it. The purpose of an ejectment action is to establish the plaintiff’s right to possession and to remove the occupant who has no...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate finance, the Effective Interest Rate is the true percentage of interest a borrower pays for the use of borrowed money. It reflects the actual cost of the loan after considering factors such as discount points, fees, loan structure, and the timing of...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Effective Age refers to the age of a structure as indicated by its physical condition and utility rather than by the actual number of years since it was built. A well maintained building with modern updates may have an effective age that is lower than...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Economic Rent refers to the rental income a property could command in the open market at a given time, based on current supply and demand conditions. It represents the fair market rental value of the property, regardless of the rent actually being...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Economic Obsolescence refers to a loss in a property’s value caused by external economic or environmental factors rather than by physical deterioration or defects within the property itself. These factors are typically outside the property owner’s...
