Improved Property Definition

Understanding improved property definition requires examining multiple perspectives and considerations. Improved Property Definition: 297 Samples | Law Insider. Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and to which structure water shall be supplied. 16 USC 460x-10: Improved property - House. (1) The Secretary may exclude from the category of "improved property" under this subchapter any property described in subsection (a) (2) which the Secretary determines is in an area required for public use or development in the immediate future.

What Is Legally Considered Improved Land? The term “improved land” signifies a specific legal and developmental status that separates a parcel from its natural state. Understanding this classification is important for property ownership, development, and investment, as it carries financial and legal implications. Definition: improved property from 16 USC - LII / Legal Information .... (3) As used in this section the term “improved property” means a detached year-round one-family dwelling which serves as the owner’s permanent place of abode at the time of acquisition, and construction of which was begun before January 1, 1974 , together with so much of the land on which the dwelling is situated, such land being in the ...

Similarly, improved Property: Legal Definition and Key Insights | US Legal Forms. The term improved property refers to a residential property that has been developed or enhanced for living purposes. Specifically, it includes single-family homes where construction began before January 1, 1976, or January 1, 1979, depending on the applicable statute.

Code § 460u–3 - “Improved property” and “appropriate map .... All rights of use and occupancy shall be subject to such terms and conditions as the Secretary deems appropriate to assure the use of such property in accordance with the purposes of this subchapter. Understanding the Differences Between Improved and Unimproved Land. In relation to this, improved land refers to a property that has been developed with various infrastructure and amenities, such as buildings, utilities, roads, and landscaping.

These enhancements make the land more usable and desirable, often increasing its market value. Improved Property Law and Legal Definition | USLegal, Inc.. Building on this, “ (1) Any owner or owners of improved property within the boundaries of the park, as revised by and pursuant to this Act may, on the date of its acquisition, retain for themselves and their successors or assigns a right of use and occupancy of the property for such noncommercial residential purposes as existed on or before January 1, 1976 ... Improved Real Property Definition | Law Insider.

Improved Real Property means all farmlands used for tillage, crops, or pasture; timberlands; and all real property on which permanent improvements, and improvements under construction or in process of construction, suitable for residential, institutional, commercial, or industrial use are situated.