What is the difference between assemblage and plottage?
Plottage is the increase in value realized by combining adjacent parcels of land into one larger parcel. The process of combining the parcels is known as assemblage.
What is an example of plottage in real estate?
The plottage increment refers to the value gained by combining the lots. For example, Steve owns two plots that are right next to each other. Each one is worth $40,000. When combined into a single property, the total value is now $90,000 and the increment is $10,000.
What plottage means?
Definition of plottage : the area included in a plot of land.
What is a plottage suit in real estate?
Plottage is an increase in the value of a parcel of real estate when you combine it with another or multiple parcels under one ownership to form a plot with a higher and better use. Plottage is associated with assemblage, which is the process of combining multiple parcels into a single larger plot.
What is an example of assemblage?
The definition of an assemblage is the act of getting together or putting something together. An example of an assemblage is a group of people inviting others to join them at a protest.
What is another word for plottage in real estate?
Plottage is also referred to as assemblage, although the latter is more often used to describe the process of consolidation. The term is often used in eminent domain matters to designate the added value given to lots that are contiguous.
What is assemblage in real estate?
A tactic employed in land acquisition, where a real estate professional acquires two or more adjacent parcels, combining them into one. Land assemblage can be a time-consuming, complicated process – with the complexity increasing exponentially depending on the number of parcels and land owners.
What is an example of assemblage in real estate?
The properties have been separate for many years, but a marriage in the families brought the properties together. Now is Meagan's chance. She will have plenty of room to run cattle on the ranch with the extra 100 acres. This is an example of assemblage.
What is another word for plottage?
Synonyms: accomplish, achieve, cap, come, conclude, content, crown, end, finish, fulfill.
What are assemblages in art?
Assemblage is art that is made by assembling disparate elements – often everyday objects – scavenged by the artist or bought specially. The use of assemblage as an approach to making art goes back to Pablo Picasso's cubist constructions, the three dimensional works he began to make from 1912.
What is the difference between sculpture and assemblage?
(noun) – As one familiar with the word "assembly" might assume, assemblage is a form of sculpture comprised of "found" objects arranged in such a way that they create a piece. These objects can be anything organic or man-made.
What is a land assemblage?
Land assemblage is a tactic employed in land acquisition, where a real estate professional acquires two or more adjacent parcels, combining them into one. The process becomes more difficult depending on the number of parcels and landowners.
What does avulsion mean in real estate?
Avulsion refers to water quickly submerging land or moving land to another location. In most situations under state property law, land moved by avulsion continues to be the property of the owner of where the land originally was located.
What is a property assemblage?
An assemblage of real estate is a combination of two or more adjacent parcels of property. In a commercial real estate (CRE) transaction, there are several reasons why an investor or developer may want to pursue an assemblage of property, but there are two that are common.
What is another word for Plottage quizlet?
Also called assemblage. Plottage: two parcels of land are too small to get the optimal value of the property. But combining them you can build and do more with them. A type of market that does not operate under the rigid rules of perfect competition.
What are examples of assemblages?
The definition of an assemblage is the act of getting together or putting something together. An example of an assemblage is a group of people inviting others to join them at a protest.
How is collage different from assemblage?
Collaging refers to the construction of a work of art out of paper items, such as photographs, newspaper, ribbon, magazines, books, etc. It differs from assemblage, which combines objects usually not made of paper, found objects like insect wings, coins, or utensils.
What does Alluvion mean in real estate?
Alluvion refers to the slow accretion or erosion of soil, sand, and other parts of land.
What is the difference between Alluvion and avulsion?
“Avulsion” is the pushing back of the shoreline by sudden, violent action of the elements, perceptible while in progress. “Accretion” is the process of growth or enlargement by a gradual buildup. “Alluvial” means an increase in land from the flow of water against a shore or bank.
What is assemblage in business?
Assemblage presents a unique development strategy that can greatly benefit both buyers and sellers if proper market analysis is conducted. The basic idea involves pursuing an area of land that has more value than current occupants realize.
What is the another name of depreciation?
The following are the other names of depreciation in economics: Consumption of fixed capital. Current replacement cost. Replacement of fixed capital.
What is value in real estate?
12 Real estate appraisal. • Value is therefore an estimation of the likely selling price. In other markets, where. homogenous goods are sold, the price is not estimated but is determined from market trading and is usually used to describe an assessment of worth.
Is assemblage a type of collage?
Assemblage is an artistic form or medium usually created on a defined substrate that consists of three-dimensional elements projecting out of or from the substrate. It is similar to collage, a two-dimensional medium.
What is the main difference between mixed media and assemblage?
In visual art, mixed media describes artwork in which more than one medium or material has been employed. Assemblages, collages, and sculpture are three common examples of art using different media. Materials used to create mixed media art include, but are not limited to, paint, cloth, paper, wood and found objects.
What is the difference between alluvion and avulsion?
“Avulsion” is the pushing back of the shoreline by sudden, violent action of the elements, perceptible while in progress. “Accretion” is the process of growth or enlargement by a gradual buildup. “Alluvial” means an increase in land from the flow of water against a shore or bank.
What is the difference between accretion and alluvion?
The terms alluvion and accretion are often used interchangeably, but alluvion refers to the deposit itself while accretion denotes the act. Land uncovered by a gradual subsidence of water is not an accretion; it is a reliction.
What is the difference between avulsion and accretion?
“Avulsion” is the pushing back of the shoreline by sudden, violent action of the elements, perceptible while in progress. “Accretion” is the process of growth or enlargement by a gradual buildup. “Alluvial” means an increase in land from the flow of water against a shore or bank.
What is Alluvion in land law?
Alluvion. , a legal term which describes the increase in the area of land due to sediment (alluvium) which is deposited by a river. This changes the size of a piece of land (a process called accession) and thus its value over time1.
What does no situs mean?
If the parcel exists but no address is available, the system will indicate "No Situs Address Found".
What is opposite of depreciation?
Opposite of depreciation is appreciation which is increase in the value of an asset over a period of time.