What does Loft mean?

A loft is a type of residential or commercial space that is characterized by an open floor plan and high ceilings. Lofts are typically found in converted industrial or commercial buildings and are often used as apartments or condos. They can also be incorporated into new construction projects as well.

Related Terms

Finder's Fee Saltbox Style Seller's Market Incurable Defect Additional Principal Payment Pest-Control Inspection Homeowners' Warranty Good faith Estimate Open Space Payment Cap Treasury Bills Homeowners' Association Negative-Slope Driveway Home Equity Loan Custom Home Seller Take-Back Insurance Proposal To Lease