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| Upset date
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Contract provision allowing a purchase the right to cancel a contract if the occupancy requirements are not satisfied by a certain date. |
| Upset price
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An established amount, in a bidding procedure or auction, below which the seller is not obligated to accept the winning bid. Also referred to as a reserve price. |
| Upside potential
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An approximation of the potential appreciation of value in real estate by considering location, amenities or increase in rental income. |
| Upzoning
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Rezoning of property to a higher use. |
| Urban
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Relating to a city. |
| Urban development action grant
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Grant intended to stimulate private investment in distress cities and urban areas by providing federal seed money, thereby attracting private funds for revitalization. HUD funds are transferred directly to cities and states for urban renewal projects. |
| Urban interface
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Any area where wildland fuels threaten to ignite combustible homes and structures.
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| Urban land institute (uli)
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Nonprofit entity from which you can obtain data and advice on the best utilization of land. Address: 1090 Vermont Avenue, NW, Washington, D.C. 20005. Telephone: (202) 289-3307. |
| Urban property
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Real estate located in a heavily populated city area. |
| Urban renewal
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Older property purchased by a governmental agency and improved or modernized or demolished and replaced. |
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