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Real Estate Dictionary


YARD - The open spaces on alot, as established by the required setback, that is unoccupied or unobstructed (except as allowed by the Municipality Zoning Ordinance).

YEAR-TO-YEAR TENANCY - A periodic tenancy in which the rent is reserved from year to year.

YIELD - The return on an investment or the amount of profit, stated as a percentage of the amount invested.