Which of these is a direct building cost?
Correct Answer
C) Lumber.
Direct costs include labor and materials used in construction. Indirect costs are fees and permits.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An easement by necessity is created by court order when a property is landlocked and has no access to a public road. It arises from the necessity of accessing the property, not from long-term use.
An easement by prescription is acquired through continuous, open, notorious, hostile, and uninterrupted use of another's land for a statutory period. It is similar to adverse possession but grants use rights, not ownership.
Eminent domain is the government's constitutional right to take private property for public use, provided the owner receives just compensation. It is also known as condemnation.
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The highest form of property ownership in the United States is:
Fee simple is all of the following EXCEPT
The largest estate or ownership in real prop- erty is
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