Abstract of TitleAn Abstract of Title is a compiled summary of the public records related to the ownership and legal status of a specific piece of real(...)
Active SolarActive Solar refers to a system that captures energy from the sun and uses mechanical or electrical components to convert that energy(...)
Actual Cash ValueActual Cash Value is a valuation method used to determine the current worth of property by accounting for depreciation, age,(...)
Ad Valorem TaxAn Ad Valorem Tax is a form of taxation based on the assessed value of property rather than a fixed fee or flat rate. In real estate,(...)
AddendumAn Addendum is a supplemental document that modifies, clarifies, or adds terms to an existing contract without replacing the original(...)
AdemptionAdemption is a legal concept in estate and real property law that occurs when a specific piece of property named in a will is no(...)
Adjustable-Rate MortgageAn Adjustable-Rate Mortgage is a home loan in which the interest rate is not fixed for the entire life of the loan. Instead, the rate(...)
Adjusted BasisAdjusted Basis is a tax and accounting concept that represents the modified value of an asset after certain changes are applied to its(...)
Administrator's DeedAn Administrator’s Deed is a legal instrument used to transfer ownership of real property from the estate of a deceased individual(...)
Aerobic Septic
An Aerobic Septic system is a type of on site wastewater treatment system that uses oxygen to support bacteria that break down(...)
AES 256-bit EncryptionAES 256-bit Encryption is a widely used method of securing digital information by converting readable data into an encoded format that(...)
Agreement of SaleAn Agreement of Sale is a legally binding contract that outlines the terms and conditions under which a property will be transferred(...)
Artificial IntelligenceArtificial Intelligence refers to the development and use of systems that can perform tasks normally requiring human cognition. These(...)
Air/Development RightsAir/Development Rights refer to the legal ability to use, sell, or transfer the buildable space above a parcel of land or an existing(...)
AlgorithmAn Algorithm is a defined set of logical steps used to solve a problem, make a decision, or perform a calculation. It provides a(...)
Alternative MortgageAn Alternative Mortgage is a home financing option that differs from traditional fixed-rate or standard adjustable-rate mortgage(...)
AmortizationAmortization is the structured process by which a loan balance is reduced over time through scheduled payments. Each payment is(...)
Amortization TableAn Amortization Table is a detailed schedule that breaks down each payment on a loan over time, showing how much of each payment goes(...)
Annual Percentage RateAnnual Percentage Rate (APR) represents the total yearly cost of borrowing money, expressed as a percentage. It is designed to(...)
Apartment StyleApartment Style refers to a residential design and layout approach in which living spaces are organized as individual dwelling units(...)
AppraisalAn Appraisal is a formal process used to develop a professional opinion of value for a property, asset, or interest in property. In(...)
Appraised ValueAppraised Value is an opinion of a property’s worth determined by a qualified professional using recognized valuation methods. It(...)
AppreciationAppreciation describes the increase in value of an asset over time. In real estate and property ownership, Appreciation refers to the(...)
Architectural FeesArchitectural Fees refer to the compensation paid to a licensed architect or architectural firm for professional services related to(...)
Architectural StyleArchitectural Style refers to the distinct visual, structural, and design characteristics that define how a building looks and how it(...)
Asking Price
The Asking Price is the amount a seller initially requests for a property when it is offered for sale. The Asking Price is(...)
AssessmentAn Assessment in real estate is a formal determination of a property’s value or characteristics for taxation, regulatory, or(...)
Assessment RollAn Assessment Roll is an official public record maintained by a taxing authority that lists properties within a jurisdiction along(...)
AssetsAssets are items, resources, or rights that have economic value and can be owned or controlled by an individual, business, or other(...)
Assumable Mortgage
An Assumable Mortgage is a type of home loan that allows a qualified buyer to take over the existing loan terms of the seller(...)
Assumption ClauseAn Assumption Clause is a provision within a mortgage or loan agreement that governs whether, and under what conditions, a borrower(...)
AuditAn Audit is a formal and systematic process used to examine, evaluate, and verify information, records, or operations against defined(...)
Avigation EasementAvigation Easement
An Avigation Easement is a legal right that allows aircraft to fly over a property at low altitudes and(...)
