Abatement:
Access:
Absentee Landlord:
Accessibility:
Absolute Fee Simple Title:
Accessory Buildings:
Absorption Analysis:
Accretion:
Abstraction:
Accrual Basis:
1a
A way to enter and leave a tract of
land, sometimes by easement over
land owned by another. (See also
egress and ingress.)
a. An action to remove a nuisance. (
Real Estate Law) b. Stopping or
reducing of amount or value, as when
assessments for ad valorem taxation
are abated after the initial assessment
has been made. (Fundamentals of Real
Estate )
The relative ease of entrance to a
property by various means, a factor
that contributes to the probable most
profitable use of a site.
An owner of an interest in income-
producing property who does not
reside on the premises and who may
rely on a property manager to oversee
the investment.
Structures on a property, such as sheds
and garages, that are secondary to the
main building.
A title that is unqualified. Fee simple is
the best title that can be obtained. (See
also fee simple.)
a. Accession by natural forces, such as alluvion.
(Real Estate Principles). b. Accession by natural
forces, such as alluvion. (Real Estate Practice). c. The
gradual buildup of land by natural causes (generally
by action of water). (Real Estate Law). d. Land
buildup resulting from the deposit by natural action
of sand or soil washed up from a river, lake, or sea.
(Fundamentals of Real Estate Appraisal).
A study of the number of units of
residential or nonresidential property
that can be sold or leased over a given
period of time in a defined location.
(See also feasibility study.)
In accounting, a system of allocating
revenue and expense items on the
basis of when the revenue is earned or
the expense incurred, not on the basis
of when the cash is received or paid
out.
Method of finding land value in which
all improvement costs (less
depreciation) are deducted from sales
price. Also called extraction method.
1b
Accrued Depreciation:
Actual Age:
Accrued Expenses:
Adjustable-rate Mortgage (ARM):
Acknowledgment:
Adjustment:
Acquisition Appraisal:
Ad Valorem:
Acre:
Adverse Land Use:
2a
a. The number of years since completion of
a building; also called historical or
chronological age. (Real Estate Principles,
Real Estate Practice) b. The number of years
elapsed since the original structure was built.
Sometimes referred to as historical or
chronological age. ( Fundamentals of Real
Estate Appraisal)
(1) For accounting purposes, total
depreciation taken on an asset from
the time of its acquisition. (2) For
appraisal purposes, the difference
between reproduction or replacement
cost and the appraised value as of the
date of appraisal.
a. Finance instrument whose interest rate will vary according to
the change in an identified index or rate, such as the 11th
District Cost of Funds. (Real Estate Principles). b. A variable-
interest-rate loan. (Real Estate Finance). c. A financing
technique in which the lender can raise or lower the interest
rate according to a set index, such as the rate on six-month
Treasury bills or the average cost of funds of FDIC-insured
institutions. (See also amortized mortgage.) (Fundamentals of
