From the list below choose one of our FAQs topics, then select an FAQ to read. If you have a question which is not in this section, please contact us. Real Estate Glossary
12. APPRECIATION (FAQs/Real Estate Glossary)
An increase in the worth or value of property due to economic or related causes, which may prove to be either temporary or permanent.
09/05/2007 | 156 Hit(s) | (0 vote)
13. APPRAISAL (FAQs/Real Estate Glossary)
The process of estimating, fixing, or setting the market value of real property. An appraisal may take the form of a lengthy report, a completed form, a simple letter, or even an oral report.
09/05/2007 | 163 Hit(s) | (0 vote)
14. ANNUAL PERCENTAGE RATE (FAQs/Real Estate Glossary)
The relationship of the total Finance Charge to the total amount to be finance as required under the Federal Truth-in-Lending Law.
09/05/2007 | 162 Hit(s) | (0 vote)
15. ANCHOR TENANT (FAQs/Real Estate Glossary)
Major department or chain stores which are strategically located at shopping centers so as to give maximum exposure to smaller satellite stores.
09/05/2007 | 149 Hit(s) | (0 vote)
16. AMORTIZATION (FAQs/Real Estate Glossary)
The gradual repayment of a debt by means of systematic payments of principal and interest over a set period, where at the end of the period there is a zero balance.
09/05/2007 | 166 Hit(s) | (0 vote)
17. AMENITIES (FAQs/Real Estate Glossary)
Features, both tangible and intangible, which enhance and add to the desirability of real estate.
09/05/2007 | 148 Hit(s) | (0 vote)
18. ALLODIAL SYSTEM (FAQs/Real Estate Glossary)
The free ownership of land by individuals.
09/05/2007 | 207 Hit(s) | (0 vote)
19. ALIENATION CLAUSE (FAQs/Real Estate Glossary)
A clause in a promissory note or mortgage which provides that the balance of the secured debt becomes immediately due and payable at the option of the mortgagee upon the alienation of the property by the mortgagor.
09/05/2007 | 161 Hit(s) | (0 vote)
20. AIR RIGHTS (FAQs/Real Estate Glossary)
The rights to the use of the open space or vertical plane above a property. Ownership of the land includes the right to all air above the proper
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