Legislation dealing with landlord-tenant contracts and relationships and provides protection in 13 states to renters.
Uniform settlement statement
Form prescribed by the Real Estate Settlement Procedures Act for Federally Related Mortgages and must be prepared at the Closing of Title and must contain certain relevant closing information. Both buyer and seller are given copies.
Uniform standards of professional appraisal practices (unpap)
Set of requirements, formulated and adhered to by the members of the Appraisal Foundation.
Uniformity coefficient
A measure of the variation in particle sizes of ion exchange resins and filter media. It is defined as the ratio of the size of particle that has 60 percent of the material finer than itself, to the size of the particle that has 10 percent finer than itself.
Unilateral contract
One-sided contract where, even if one party makes a promise, the second party is not legally required to perform, but may do so, thus obligating the first party.
Unilateral listing
Listing of property that is open and has no one real estate agent who has the sole right to sell the property.
Unimproved land
Raw land in its natural state that has no installed improvements or structures.
Unincorporated group
Association of persons not treated as a corporation, such as a limited partnership.
Union
Three piece fitting that joins two sections of pipe, but allows them to be disconnected without cutting the pipe. Used primarily with steel pipe; never in a DWV system.
Unit
Segregated part of a structure, i.e. one apartment in an apartment building or an office in a commercial building.
