| Real Estate
Glossary and Terminology
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(U)
|
UNEARNED INCREMENT |
Increase in value of real property without any
effort of or cost to the owner. |
|
UNDER-IMPROVEMENT |
An improvement which is not suitable to the
site on which it is placed due to deficient size or cost. |
| URBAN
LAND |
Land which partakes the nature of both rural
land and urban land; usually found of a city, which has a
characteristics or atmosphere of a province while enjoying the
amenities of an urban land. |
| URBAN
PROPERTY |
City property; closely settled property. |
| USURY
|
On a loan, claiming a rate of interest greater
than that permitted by law. |
|