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Realty facts & stats

8 fact-checked facts about real estate, each with the reason behind it. 4 more are in today's round and join this page after it closes.

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The basics

What is a house that shares side walls with similar homes in a row usually called?

AnswerTownhouse

Townhouses are joined homes in a row, each sharing one or two walls with neighbors.

What is a lease?

AnswerAn agreement to rent property for a set time

A lease lets a tenant use property for an agreed period in exchange for rent.

Going deeper

How many square meters are in one hectare?

Answer10,000

A hectare is 100 m × 100 m, or 10,000 square meters.

What is an easement?

AnswerA right to use part of someone else's land for a purpose

Easements let others use land for things like utility lines or shared driveways.

What does zoning control?

AnswerHow land in different areas may be used

Zoning rules set whether areas are for homes, shops, industry or other uses.

In a condominium, what does each owner typically own?

AnswerTheir own unit, with shared ownership of common areas

Condo owners own their individual units and jointly own hallways, grounds and other shared spaces.

Expert level

How many square feet are in one acre?

Answer43,560

An acre equals 43,560 square feet, or about 4,047 square meters.

The word "mortgage" comes from Old French words meaning what?

AnswerDeath pledge

Mortgage comes from mort (dead) and gage (pledge): the pledge ends when the debt is paid or fails.

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