Dictionary of Business Terms: model unit
model unit
representative product, such as a home, apartment, or office space, used as part of a sales campaign to demonstrate the design, structure, and appearance of units in a development.
Dictionary of Real Estate Terms: model unit
model unit
a representative home, apartment, or office space used as part of a sales campaign to demonstrate the design, structure, and appearance of units in a development.
Example: A developer constructs a model unit in an effort to prelease units in a development. Prospective tenants are invited to tour the model unit to gain an appreciation for the design and appearance of the development.
