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There are 4 names in this directory beginning with the letter U.
Unencumbered Property
Property free and clear of mortgages, restrictive covenants, leases and assessments of any kind.
Unimproved Value
A statutory concept of value used mainly for rating and taxing purposes, which envisages the land as being in its virgin state but enjoying the benefits of all external factors which influence the value at a given date. The value of land as if all existing improvements thereupon, including site works, had never been built or made, but regarding all other lands as in their current circumstance, including all improvements, roads, services and amenities.
Unit (Strata)
Each dedicated lot / unit area designated within a strata plan.
Unit Trust Fund
A trust formed to manage an asset in which investors can buy “units” within the trust to fund the asset.