What is a 1.5 Story House? A one-and-a-half story house, or 1.5-story house, is a detached home that has a second floor that is about half the size of the…
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What is a Semi-Bungalow? A semi-bungalow is a house with a main floor and one upper floor built into what would typically be an attic. The second floor of a…
What is a Deposit? A deposit is an amount of money given over from a buyer to a seller to secure a contract for a property purchase. Real Estate Agent Explains…
What is Additional Rent? Additional rent is what a commercial landlord would charge their tenants for costs to keep up the property. Usually the additional rent is based on the…
What is a Exclusive Use Common Property? Exclusive use common property in a condominium are areas that belong to the condo corporation (all the condo owners), but only a specific…
What is a Condominium Common Property? Common property is anything that is not a condo owner’s unit. That is, everything outside of an individual condominium unit is common property. For…