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 | Athens, GA |
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| Temp: | 73 °F |
| Humidity: | 83 % |
| Visibility: | Unlimited
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| Wind: | 5 mph |
| Direction: | NE |
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Athens GA Condos | Abbreviations, Terms and Phrases
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VA
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The Veterans Administration, a federal agency
which guarantees loans made to qualified veterans on approved property.
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vara
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A measurement of length of 33 1/3
inches in Texas.
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variable rate
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An interest rate that changes periodically
in relation to an index. Payments may increase or decrease accordingly.
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variance
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An exception to a zoning
ordinance, usually granted by a local government. For example, if you own
an oddly shaped lot that could not accommodate a home in accordance with
your city's setback requirement, you could
apply at the appropriate office for a variance allowing you to build closer
to a boundary line.
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vendee
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Purchaser.
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vendor
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Seller.
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view ordinance
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A law adopted by some cities or towns with
desirable vistas--such as those in the mountains or overlooking the ocean--that
protects a property owner from having his or her view obstructed by growing
trees. View ordinances don't cover buildings or other structures that may
block views.
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village acre
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A lot size used in the Houston area to denote
a 40,000 square foot parcel. In the Memorial Villages of Bunker Hill,
Hedwig, Hillshire, Hunter's Creek, Piney Point and Spring Valley, lot sizes
are often expressed in village acres or a fractions of village acres.
The term was coined by developers who successfully lobbied for slighty
smaller, minimum lot size requirements, in the cities' zoning
regulations.
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virtual home tour
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Any method used to provide internet users
with a graphical presentation of a home, or homes. Presentations
may include web pages, java applets, streaming video, panoramic images
and bubble views.
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void
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Having no legal force or effect; legally invalid.
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voidable
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A contract which appears valid and enforceable
on the surface, but may be declared invalid by one of the parties, such
as a contract entered into by a minor.
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