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dictionary of real estate<br />

terms<br />

glossary of commercial<br />

real estate<br />

dictionary of architecture<br />

and construction<br />

the dictionary of urbanism<br />

of drawings, for making an object,<br />

a building, or a development.<br />

Development<br />

Developer: One who transforms<br />

raw land to improved property<br />

by use of labor, capital, and<br />

entrepreneur efforts.<br />

Development: The process of<br />

adding improvements on or<br />

to a parcel of land. Such improvements<br />

may include drainage,<br />

utilities, subdividing,<br />

access, buildings, and any<br />

combination of these elements.<br />

Also the project where such<br />

improvements are being made.<br />

Development<br />

Development<br />

1. A tract of previously undeveloped<br />

land which is subdivided<br />

for housing and provided with<br />

all necessary utilities, such as<br />

roads, water, electricity, sewers,<br />

etc.<br />

2. A large-scale housing project.<br />

3. Any man-made change to<br />

improved or unimproved real<br />

estate, including but not limited<br />

to dredging, excavation or drilling<br />

operations, filling, or paving<br />

located within an area of special<br />

flood hazard.<br />

Development<br />

Statutorily defined under the<br />

[UK] Town and Country Planning<br />

Act 1990 as “the carrying<br />

out of building, engineering,<br />

mining, or the making of any<br />

material change in the use of any<br />

building or other land. . . . ”<br />

Efficency<br />

Efficiency Ratio: The proportion<br />

of a building’s area that is leasable<br />

space.<br />

Efficiency Unit or Apartment: a<br />

small dwelling unit, often consisting<br />

of a single room, within<br />

a multifamily structure. In<br />

most cases, kitchen and bath<br />

facilities are not complete.<br />

Efficency<br />

A measure of the capacity or<br />

effectiveness of space to produce<br />

the desired results with a<br />

minimum expenditure of time,<br />

money, energy, and materials.<br />

Efficency<br />

Area Efficiency: The ratio of the<br />

net usable floor area (or the net<br />

rentable area) to the gross floor<br />

area.<br />

Efficiency<br />

The relationship between output<br />

and input; the ratio of output to<br />

input.<br />

Ethics<br />

Principles by which one treats<br />

colleagues, clients, and the<br />

public in a fair, just, and truthful<br />

manner. Adherence to such<br />

standards is considered one<br />

of the requisites for recognition<br />

as a profession.<br />

Ethics<br />

Ethics<br />

Professional practice: The practice<br />

of one of the environmental<br />

design professions in which<br />

services are rendered within the<br />

framework of recognized professional<br />

ethics and standards and<br />

applicable legal requirements.<br />

Ethics<br />

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