Arizona Department of Real Estate
The profession of appraisal can be seen as beginning in England during the 1500s as agricultural needs required land clearing and land preparation. Textbooks on the subject of surveying began to be written and the term “surveying” was used in England, while the term “appraising” was more used in North America. Natural law can be seen as having an influence in Emerich de Vattel’s 1758 “Law of Nations” which conceptualized the idea of private property.
Common grounds and common areas within the complex are owned and shared jointly. In North America, there are townhouse or rowhouse style condominiums as well. Terraced house (a.k.a. townhouse or rowhouse) – A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space. Multi-family house – Often seen in multi-story detached buildings, where each floor is a separate apartment or unit. The stock market crash of 1929 and …