Real estate Real estate Absentee landlord is an economic term for a person who owns and rents out a profit-earning property, but does not live within the property's local economic region. This is a common corporate practice. ...more on Wikipedia about "Absentee landlord"
An abstract of title is the condensed history of title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurate. In the United States, the abstract of title furnishes the raw data for the preparation of a policy of title insurance for the parcel of land in question. ...more on Wikipedia about "Abstract of title"
An acre is an English unit of area, which is also frequently used in the United States and some Commonwealth countries. It is most often used to describe areas of land. ...more on Wikipedia about "Acre"
An ad-valorem tax is a tax based on the assessed value of real estate or personal property. ...more on Wikipedia about "Ad valorem tax"
An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage. Adjustable rates transfer part of the interest rate risk from the lender to the borrower. They can be used where unpredictable interest rates make fixed rate loans difficult to obtain. The borrower benefits if the interest rate falls and loses out if interest rates rise. ...more on Wikipedia about "Adjustable rate mortgage"
In real estate common law, adverse possession is a means of acquiring title to another's real property without compensation, by, as the name suggests, holding the property in a manner that conflicts with the true owner's rights. ...more on Wikipedia about "Adverse possession"
Affordable housing is a dwelling where the total housing costs are affordable to those living in that housing unit. In the United States, a commonly accepted guideline for housing affordability is a housing cost that does not exceed 30 percent of a household's gross income. Housing costs considered in this guideline generally include taxes and insurance for owners, and sometimes include utility costs. When the monthly carrying costs of a home exceeds 30 percent of household income, then the housing is considered unaffordable for that household. ...more on Wikipedia about "Affordable housing"
Allodial title is a concept in some systems of property law. It describes a situation where real property (i.e., land, buildings and fixtures) is owned free and clear of any encumbrances, including liens, mortgages and tax obligations. Allodial title is inalienable, in that it cannot be taken by any operation of law for any reason whatsoever. True allodial title is rare, with most property ownership in the common law world — primarily, the United Kingdom, the United States, Canada, Australia and New Zealand — described more properly as being in fee simple. In particular, in the nations recognising Elizabeth II as sovereign, land is said to be "held of the Crown." In common legal use, allodial title is used to distinguish absolute ownership of land by individuals from feudal ownership, where property ownership is dependent on relationship to a lord or the sovereign. Webster's first dictionary says allodium is "land which is absolute property of the owner, real estate held in absolute independence, without being subject to any rent, service, or acknowledgement to a superior. It is thus opposed to feud. In England, there is no allodial land, all land being held of the king; but in the United States most lands are allodial." ...more on Wikipedia about "Allodial title"
:For other uses of Amortization, see the Amortization disambiguation page. ...more on Wikipedia about "Amortization (business)"
An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. ...more on Wikipedia about "Amortization calculator"
An amortization schedule is a table detailing each periodic payment on a loan (typically a mortgage), as generated by an amortization calculator. Amortization schedules are calculated so that each periodic payment for the entirety of the loan is equal, making the repayment process somewhat simpler under amortization than with other models. ...more on Wikipedia about "Amortization schedule"
Antichresis, in civil law, is a contract whereby a person borrowing money of another, hands over his property to the creditor, allowing the use and occupation thereof, for the interest on the money lent. ...more on Wikipedia about "Antichresis"
An apartment (or flat in Britain and other Commonwealth countries) is a self-contained housing unit that occupies only part of a building. Apartments may be owned (by an owner-occupier) or rented (by tenants). ...more on Wikipedia about "Apartment"
Appraisal is the act of estimating the monetary value of real, personal, or intangible property, usually performed as a service by someone recognized as an expert or certified by an organization or government agency. ...more on Wikipedia about "Appraisal"
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An assignment is a term used with similar meanings in the law of contracts and in the law of real estate. In both instances, it encompasses the transfer of rights held by one party - the assignor - to another party - the assignee. The legal nature of the assignment determines some additional rights and liabilities that accompany the act. ...more on Wikipedia about "Assignment (law)"
A balloon payment mortgage is a mortgage that has a final payment that is much larger than a regular payment. ...more on Wikipedia about "Balloon payment mortgage"
A bedsit is a form of rented accommodation consisting of a single room with a shared bathroom and lavatory. In some cases the room has a small formal kitchen area but it is common for the tenants to have no more than an electric kettle and single electric ring. ...more on Wikipedia about "Bedsit"
A bridge loan (or swing loan) is a type of short-term loan in the financial industry. Bridge loans are typically taken out for a period of 2 weeks to 3 years in order to finance projects. Bridge loans are often used for commercial real estate purchases, to quickly close on a property, retrieve real estate from foreclosure, and to take advantage of a shot-term financing opportunity in order to secure long term financing. Speed is a bridge loan's number one asset. ...more on Wikipedia about "Bridge loan"
Building is either the act of creating an object assembled from more than one element, or the object itself; see also construction. A building is usually a human-created object composed of more than a single element, permanently fixed to the ground, that mediates one or more aspects of the environment. ...more on Wikipedia about "Building"
A building code is a set of laws that specify how buildings should be constructed. This is generally considered the minimum acceptable level of safety for a new building in a jurisdiction. Building codes are generally intended to be applied by architects and engineers. There is often other codes or sections of the building code that have more prescriptive requirements that apply to housing (one and two family dwellings). ...more on Wikipedia about "Building code"
The bundle of rights theory is a common way of explaining how rights in property are held. It is a theory and teaching tool, and thus is not subject to being either true or false - rather it is a means of organizing a large set of confusing and sometimes contradictory data. ...more on Wikipedia about "Bundle of Rights"
A cadastre is a register of the real property of a country, with details of the area, the owners and the value. ...more on Wikipedia about "Cadastre"
The amount of dividends being received on a certain investment within a certain time period. Also known as a "Cap Rate", Capitalization Rates are used to figure out how much time will be needed to reach a certain level of profit upon an investment. ...more on Wikipedia about "Capitalization Rate"
A chain of title is the sequence of historical transfers of title to a property. The "chain" runs from the present owner back to the original owner of the property. In situations where documentation of ownership is important, it is often necessary to reconstruct the chain of title. To facilitate this, a record of title documents may be maintained by a registry office or civil law notary. ...more on Wikipedia about "Chain of title"
Closing is the final step in executing a real estate transaction. ...more on Wikipedia about "Closing (real estate)"
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