Glossary
U
UNDERIMPROVEMENTS – Improvements which because of their size or value, produce a smaller residual land value than could have been produce on the same site by larger or more valuable improvements. Site not improved to its highest and best use.
UNDERPINNING – In general, the term applies to timbers or other props temporarily supporting a foundation during construction; also permanent supports added to increase the load-bearing capacity of a foundation.
UNENCUMBERED PROPERTY – Property free and clear of mortgages, restrictive covenants, leases, and assessments of any kind.
UNIT – Each subdivided area registered within a strata title building.
URGENT REPAIRS – Repairs which must be made to a property to ensure that it is 'fit to live in'.
