Landlocked
What is Landlocked?
Landlocked is a term describing a piece of property that has no direct access.
How Does Landlocked Work?
Landlocked property is separated from major access ways including streets, canals and public roads. Landlocked property can be located behind other buildings and may even be hidden from view. People can generally only access landlocked property by crossing another piece of property. For example, a piece of land located behind a mall and accessible only through the mall is considered landlocked.
Why Does Landlocked Matter?
In the real estate market, properties that are landlocked have very low market values due to their undesirable locations. This is particularly true of commercial properties.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
Read This Next
