Property Glossary

Below, is a comprehensive list of Real Estate terms, which will be updated regularly. Readers are encouraged to become familiar with the terminologies used in context of Real Estate Transactions.

A defined area of land or part of a building, which is allocated for a particular purpose. For example, development plans may allocate areas of land for different uses like Residential Zone or Commercial Zone.

In planning terms, the dividing of an area by a local planning authority into zones for particular uses or activities.