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tennessee real estate glossary

Nashville Real Estate Glossary U
From Under Construction, Unencumbered, Unimproved Land, to Use

Return to the Real Estate Glossary

Under construction - The time between when the building of a structure commences to the time the certificate of occupancy is issued.

Unencumbered - Real property that is free and clear of liens or any other encumbrances.

Unimproved land - Real property without any improvements or buildings, but also can mean land in its natural state.

USA PATRIOT Act - The acronym for legislation passed in 2001 that substantially amends the Bank Secrecy Act of 1970. The Act's far-reaching scope covers a broad range of financial activities and institutions, especially in verifying the identity of individual depositor's and clients.

Usable square footage - The area contained within the tenant space's demising walls that is equal to the net square footage multiplied by the circulation factor.

Use - The specific purpose for which a piece of land or a building is intended, designed or arranged to be used. That enjoyment of real property which consists in its employment, occupation, exercise or practice.

spring hill

Tentara Properties
230 Franklin Road, Suite 810
Franklin, TN 37064

Phn: 615.591.8911
Fax: 615.807.2723
Apts: 615.394.2029


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