| Every business has it's jargon and residential real | | | | so on.-Garden apartment: A dwelling unit partially below |
| estate is no exception. Mark Nash author of 1001 Tips | | | | grade.-High-rise: A multiple-floor building of ten or more |
| for Buying and Selling a Home shares commonly used | | | | floors.-Management company: A professional real |
| condominium, cooperative and homeowner association | | | | estate management company that manages the |
| terms with home buyers and sellers.-Common area | | | | physical operation of a building.-On-site management: |
| grounds: The elements of building and grounds that all | | | | The management of a building who works from an |
| unit owners own jointly.-Condominium: A dwelling of | | | | office within the building.Parking:-Deeded: A parking |
| two or more property units where the owner owns | | | | space that is owned as a piece of real estate.Leased: |
| the interior space and, in common with other owners, | | | | A parking space that is leased by the building |
| owns a square foot ratio of the common areas, such | | | | occupant.-Underground: A parking space located |
| as the grounds, hallways, stairways, lobby, mechanical | | | | beneath grade of the building.-Assigned: A parking |
| systems of common areas, and parking and | | | | space appointed by the association or management |
| recreational areas.-Cooperative (Co-op): A corporation | | | | company.-Valet: The car is parked and returned by a |
| in which the tenants purchase shares that give them | | | | parking attendant for the occupant of the |
| the right to occupy a unit in the building.-Courtyard: An | | | | space.-Self-managed: Buildings and dwelling units |
| outdoor space faced by a building.-Duplex: Two | | | | overseen by unit owners or unit shareholders.-Site |
| properties joined by one common wall.-Elevator building: | | | | engineer: The mechanical or operations professional |
| One that has one or more elevators to reach the | | | | for a building who is on-site at his or her place of |
| units.-Flat: Another name for an apartment.-Full-amenity | | | | employment. Some engineers live on the premises and |
| building: One that offers a variety of services to | | | | are referred to as the super, short for |
| occupants: doorman, delivery/shipping room, dry | | | | superintendent.-Walk-up: A building with no elevator. |
| cleaner, pool, tennis court, store, exercise facilities, and | | | | |