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About Orlando Florida Real Estate
Real estate is a legal term (in some jurisdictions, notably in the USA, United Kingdom, Canada, and Australia) that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is stationary, or fixed in location. Real estate law is the body of regulations and legal codes which pertain to such matters under a particular jurisdiction. Real estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty under chattel law or personal property law).
Real estate as "real property" in the U.K.
In British usage, “real property”, often shortened to just “property”, generally refers to land and fixtures as such while the term “real estate” is used mostly in the context of probate law, and means all interests in land held by a deceased person at death excluding interests in money arising under a trust for sale of or charged on land. See Real property for a definition and Estate agent for a description of the practice in the UK.
Residential Real Estate
The legal arrangement for the right to occupy a dwelling is known as the housing tenure. Types of housing tenure include owner occupancy, Tenancy, housing cooperative, condominiums (individually parceled properties in a single building), public housing, squatting, and cohousing.
Residences can be classified by if and how they are connected to neighboring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residents might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.
Attached / multi-unit dwellings
The size of an apartment or house can be described in square feet or meters. In the United States this includes the area of "living space", excluding the garage and other non-living spaces. The "square meters" figure of a house in Europe reports the area of the walls enclosing the home, and thus includes any attached garage and non-living spaces.
It can also be described more roughly by the number of rooms. A studio apartment has a single bedroom with no living room (possibly a separate kitchen). A one-bedroom apartment has a living or dining room, separate from the bedroom. Two bedroom, three bedroom, and larger units are also common. (A bedroom is defined as a room with a closet for clothes storage.)
With special thanks to Wikipedia The free Encyclopedia we can provide you an in depth look at Orlando. The city of Orlando is a major city in central Florida, USA and is the county seat of Orange County, Florida. It is also the principal city of Greater Orlando. The Orlando-Kissimmee MSA is Florida's third-largest metropolitan area, behind Miami and Tampa. Orlando is also home to the University of Central Florida, which is the second largest university in Florida in student enrollment and has the 6th largest enrollment in the nation.
The city is well known for the many tourist attractions in the area, in particular the nearby Walt Disney World Resort, which is located in Lake Buena Vista about 20 miles (32 km) south of Orlando city limits via Interstate 4. Other notable area attractions include SeaWorld and Universal Orlando Resort. The region sees an estimated 52 million tourists a year. Orlando has the second largest number of hotel rooms in the country (after Las Vegas, Nevada), and is one of the busiest American cities for conferences and conventions with the Orange County Convention Center, the country's second largest in square footage. It is also known for its wide array of golf courses, with numerous courses available for any level of golfer. Despite being several miles away from the main tourist attractions, Downtown Orlando is undergoing major redevelopment with a number of residential and commercial towers.
Orlando has become one of the fastest growing cities in the United States. There are many other beautiful and historic towns to consider nearby including Windermere, Winter Garden, Ocoee, Gotha, Oakland, Winter Park, Maitland, Altamonte Springs, Apopka, Longwood, Casselberry, Sanford, Oviedo, Winter Springs, Lake Mary, Kissimmee and Celebration. Some of the leading neighborhoods in the area include Isleworth, Bay Hill, Lake Butler Sound, Keene’s Point, Belmere Reserve, Horizon West, Summerport, Independence, Dr. Phillips, Viscaya, Metrowest, Baldwin Park, College Park, Thornton Park, Lake Eola, Colonial Town, Delaney Park, Audobon Park, Conway, Heathrow, Avalon Park, Waterford Lakes, Lake Nona, Alaqua, Hunters Creek and Reunion.
A home inspection is a non-invasive examination of the condition of a home, often in connection with the sale of that home. This is carried out by a home inspector, who usually has special equipment and training to carry out such inspections. A home inspection report is then issued by the home inspector. Many home inspectors use home inspection software.
An inspector will check the roof, basement, heating system, water heater, air-conditioning system, structure, plumbing, electrical, and many other aspects of buildings looking for improper building practices, those items that require extensive repairs, items that are general maintenance issues, as well as some fire and safety issues. Home owners or home buyers often use a home inspection service before selling or buying their houses. A home inspector conducts a thorough examination of a home to detect any potential systems or components requiring attention. A home owner receives a detailed report of the condition of his/her home so that he/she can plan for needed repairs and upgrades when it is time to make them.A home inspector is sometimes confused with a real estate appraiser. A home inspector determines the condition of a structure, whereas an appraiser determines the value of a property.
A home cannot "fail" an inspection, as there is no score or passing grade given. A professional home inspection is an examination of the current condition of a house. It is not an appraisal. It is not a municipal inspection, which verifies local building code code compliance. A home inspector, therefore, will not pass or fail a house, but rather describe its physical condition and indicate what components and systems may need a major or minor repair or replacement.
A home inspector in the United Kingdom (or more precisely in England and Wales), is an inspector certified to carry out the Home Condition Reports that, it is expected, will become part of the new Home Information Pack.
On July 18, 2006, the Government announced the postponement of compulsory Home Condition Reports, which had been due to become part of the Home Information Packs on 1 June 2007, leaving the future for the inspectors somewhat uncertain . It is expected, however, that they will be required to carry out the Energy Performance Certification, which remains a mandatory part of the packs.
In the United States and Canada, a contract to purchase a house will often include a contingency that the contract is not valid until a home inspector has inspected the property (and the contract will usually provide for how problems found in inspection are to be remedied). In many states and provinces, home inspectors are required to be licensed, but in many states the profession is not regulated at all. Typical requirements for obtaining a license are to complete an approved training course and/or to pass an examination selected by the state's licensing board. Several states and provinces also require inspectors to periodically obtain continuing education credits in order to renew their licenses. Anyone entering the home inspection field should be trained in the unique discipline of home inspection. Assuming that the home inspector has been properly trained and has sufficient experience, they should be able to provide a satisfactory detailed inspection of a property within the scope of their education and any home inspector licensing requirements. A home inspection should not be mistaken for an engineering inspection. Consumers who want a professional engineering opinion on the structural condition of their prospective home should retain the services of a licensed Professional Engineer. Where licensing or certification is not a requirement, anyone can claim t