Glossary of Real Estate Terms

The following terms are related to U.S. development practices, and can vary by region and local municipality. As more and more U.S. citizens seek affordable housing in offshore locations, the terms are also being loosely applied to communities in emerging destinations such as Mexico, Costa Rica, and the Caribbean Islands. Many of these terms appear to overlap.

COMMUNITY PLANNING AND DEVELOPMENT TERMS

• Community Development/Community Facilities Districts (CDDs/CFDs)
• Planned Unit Development (PUD)
• Mixed-Use Community Development
• Master Planned Community (MPC)
• Residential Subdivision
• Destination Resort Community
• Traditional Neighborhood Development (TND)
• Retirement Community
• Age Restricted Retirement Communities
• Active Adult Community (AAC)
• Co-Housing
• Conservation Communities
• Conservation Easement
• Green Communities
• Continuing Care Retirement Community (CCRC)
• Independent Living Quarters
• Assisted Living Facilities (ALF)
• Skilled Care Units

• Whole/Full Ownership
• Condominium Ownership
• Fractional Ownership

• Single-Family Home
• Zero-Lot-Line Home
• Patio Home
• Villa
• Cottage
• Cabin
• Courtyard Home
• Multi-Family Housing Products
• Duplex, Triplex, Quadraplex
• Townhome/Townhouse
• Apartment/Apartment Flat
• Carriage Home/Coach Home
• Condo-Hotel
• Private Resort/Hotel Residences
• Private Residence Club (PRC)
• Housing Cooperative (Co-Op)
• Timeshare/Interval Ownership
• Destination Clubs
• Land Lease
• Common-Interest Developments (CIDs)
• Homeowner Association (HOA)
• Covenants, Conditions and Restrictions (CCRCs)
• Homeowner Association (HOA) By-Laws
• Amenities
• Wellness Amenities
• Security
• Common Area

• Keeping Room
• Mudroom
• Great Room
• Porticos and Loggias
• Lanai
• Casita
• Cabana, aka Pool House
• Stick-Built/Site Built Homes
• Manufactured and Modular Housing
• Manufactured Home
• Modular Home
• HERS Index (Home Energy Rating System)

• Structure
• Private Clubs
• Semi-Private Clubs
• Public Clubs
• Private Club Membership
• Club Membership Documents
• Private Membership Plans
• Tiered Membership
• Unitary Membership
• Full Golf
• Limited Golf
• Sports
• Tennis/Racquet
• Social
• Club

• Golf Facility
• Golf Course

• Types of Golf Courses
• Private Golf Course
• Daily Fee Golf Course
• Municipal Golf Course
• Categories of Golf Courses
• Just Golf
• Military
• Park District
• Real Estate Development
• Resort/Real Estate Development
• Resort
• University
• Types of Golf Holes
• Regulation Length Golf Course
• Executive Length Golf Course
• Par-3 Golf Course
• Status of a Golf Project
• Proposed
• In-Planning
• Under Construction
• Completed/Open
• On-Hold
• Class of a Golf Project
• Addition
• Addition/Combine
• New
• Reconstruction

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	Glossary of Terms - Demystifying Industry Lingo
		Community Planning and Development Terms		Architectural Design Terms
		Ownership Types		Club Membership Terms
		Residential Property Types		Golf Related Terms

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State Tax Guides for Homebuyers

These handy guides are designed to help you understand taxes by State. Sales tax, personal income, real estate, vehicle, estate taxes and more are summarized in these free guides which you can print or download in PDF format.

• Florida Tax Guide for Homebuyers
• North Carolina Tax Guide for Homebuyers
• South Carolina Tax Guide for Homebuyers
• Texas Tax Guide for Homebuyers
• Virginia Tax Guide for Homebuyers

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