What does take up mean in real estate?
> go to geography. Office Take-up. The Office Take-up represents the cumulated floorspace of all new lettings or sales to occupiers (as opposed to sales to investors) that will be used as offices. It is expressed in square meters (sqm) of usable floorspace.
What is a real estate simple definition?
Real estate is the land along with any permanent improvements attached to the land, whether natural or man-made—including water, trees, minerals, buildings, homes, fences, and bridges.
What is take up rate?
The take-up rate measures the percentage of eligible people who accept a particular good/service or benefit. The take-up rate may refer to the percentage of shareholders who accept the opportunity to buy more shares during a public share offering.
What is the legal definition of real estate?
The legal definition of real estate or real property is land and the buildings on it. Real estate law governs who may own and use the land. First, real estate may be either residential or commercial. It can be owned by one person but used by another through rental arrangements.
What is the most popular type of real estate?
Residential property
Residential property is by far the most popular with both new and experienced agents. That’s no surprise—given the 2010 US Census shows more than 116 million occupied housing units. Real estate agents further specialize in types of homes.
What is the dictionary definition of take up?
Define take up. take up synonyms, take up pronunciation, take up translation, English dictionary definition of take up. v. took , tak·en , tak·ing , takes v. tr. 1. To get into one’s hands, control, or possession, especially: a. To grasp or grip: take your partner’s hand. Take up – definition of take up by The Free Dictionary
Which is the best definition of take up rate?
Take-Up Rate The percentage of persons who are eligible for some benefitor compensationwho take advantage of it. The take-up rate may refer, for example, to persons eligible for a portion of a class actionjudgment or persons who qualify for some government assistance.
How does a backup offer in real estate work?
An accepted backup offer is an executed contract that needs to be followed just like the first accepted offer. If you are unsure of any aspect of the purchase contract, you should get legal advice by consulting with a real estate attorney.
Why do some sellers take back up offers?
There are other reasons a seller may take backup offers, but they similarly relate to circumstances that indicate the best offer might not pan out.