Provided by the Real Estate Institute of Australia

UNDERIMPROVEMENTS – Improvements which because of their size or value, produce a smaller residual land value than could have been produce on the same site by larger or more valuable improvements. Site not improved to its highest and best use.

UNDERPINNING – In general, the term applies to timbers or other props temporarily supporting a foundation during construction; also permanent supports added to increase the load-bearing capacity of a foundation.

UNENCUMBERED PROPERTY – Property free and clear of mortgages, restrictive covenants, leases, and assessments of any kind.

UNIT – Each subdivided area registered within a strata title building.

URGENT REPAIRS – Repairs which must be made to a property to ensure that it is 'fit to live in'.

U of the A-Z Glossary Provided by the Real Estate Institute of Australia you will find Glossary U, Glossary, A-Z Glossary, Provided by the institute of Australia, if offers you Information, Advice, Help, in regards to Property, properties, apartments, units, buying, selling, and Real Estate, any further questions contact Alan McGillivray, at Alan McGillivray Real estate
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