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| Subdivider
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One who partitions a tract of land for the purpose of selling the individual plots. If the land is improved in any way, the subdivider becomes a developer. |
| Subdividing
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The act of dividing a tract of land into smaller tracts. |
| Subdivision
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Property that is divided, from a large parcel, into smaller pieces. |
| Subfloor
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A rough floor - plywood or boards - laid over joists and on which an underlayment or substrate is installed. |
| Subgrade
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(1) Compacted soil that is ready for a structure or slab. (2) The elevation found at the bottom of a pipe trench. (3) Below grade soil level. |
| Subject property
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Appraisal term for the property that is being appraised. |
| Subject to
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Property that is purchased with conditions to be met, such as "subject to being allowed to subdivided into a certain amount of lots". |
| Subject to mortgage
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Circumstance in which a buyer takes title to mortgaged real property but is not personally liable for the payment of the amount due. The buyer must make payments in order to keep the property; however, with default, only the buyer's equity in that property is lost. The buyer is not liable for the amount due to the lender. |
| Sublease
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Lease agreement between the lessee (one who leases property from another) of an original lease and a new lessee. The new lessee is the subtenant because he is renting from the original tenant rather than the owner. |
| Sublessor
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The initial lessee of rented property who then leases it to a subtenant. |
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