Owner Definition & Meaning
For more information and advice on building and renovating essentials and working with other building industry professionals, visit Building and renovating essentials. Registered builders, contractors and tradespeople must have domestic building insurance for all work over $16,000 . This is in addition to the builder's contractual obligations and warranties. Ensuring appropriate insurance policies are in place if you sell an owner-built home. If you are planning on being the owner-builder for a swimming pool or spa, or installing safety barriers, see the regulations and requirements on our Swimming pools and spas pages. Real estate or immovable property is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate is often considered synonymous with real property, in contrast from personal property . However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures thems