Glossary Of Real Estate Terms

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Pied a Terre:
A term that refers to an apartment that will not be used as the primary residence of the owner.
 
Post War:
A post war building is one that was built after World War II.
 
Powder Room:
Also known as a half bath. A powder room is a bathroom without a shower or a bath.
 
Pre War:
A pre war building is one that was built before World War II.
 
Property Tax:
The tax issued on the ownership of real property.