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Real Estate Glossary

What does Two- To Four-Family Property mean?

A two- to-four-family property refers to a residential building that contains between two and four units. These units can be apartments, condos or townhouses. These properties are typically classified as multi-family properties, and they can be a good investment opportunity as they provide rental income from multiple units. They are often used as rental properties, but they can also be owner-occupied, with the owner renting out the other units to generate additional income. These properties are also known as multi-family buildings, duplexes, triplexes, or fourplexes.

Allowances

Aluminum siding

Anticipatory Breach

Appraisal Fee

Arbitration

Balloon Loan

Binder

Commission agreement

Escrow Company

Insurance E/O

Interest-Only Loan

Lead paint disclosure

Legal Description

Masonry

Negative-Slope Driveway

Procuring Cause

Production Home

Semi-Custom Home

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Artur

Real Estate Assistant