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Super Finance Glossary

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Property

Property
Definition: For this survey, property means real estate; that is, land and anything permanently affixed to the land, such as buildings and those things attached to the buildings, such as light fixtures, plumbing and heating fixtures, or other such items which would be personal property if not attached. A property may consist of a single-family house (attached or detached), a multifamily house, a condominium unit, a mobile home, an apartment building, or a group of apartment buildings. For this survey, if a property is mortgaged, the property is all land and buildings covered by a single first mortgage. If the property is not mortgaged, the land and buildings identified by the address in Item A on the survey questionnaire address label is the property.