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Abstract of Title condensed history of a 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
Acceleration Clause clause in a mortgage or trust deed that can be enforced to make the
entire debt due immediately if the mortgagor defaults on an installment payment
Acceptance a promise by the offeree to be bound by he exact terms proposed by the offeror
Accession acquiring title to additions or improvements to real property as a result of the
annexation on fixtures
Accession accretion of alluvial deposits along the banks or streams
Accretion increase of land by the deposit of sand or soil washed up naturally from a river,
lake, or sea
Accrued Depreciation loss in value resulting from the property's physical deterioration
Acknowledgement formal deceleration made before a duly authorized officer, usually a
notary public, by a person who has signed a document
Actual Eviction the result of legal action, originated by a lessor, whereby a defaulted tenant
is physically ousted from the rented property via court order
Actual Notice express information or fact; that which is known
,Addenda additional material attached to and made part of a document
Adjustable Rate Mortgage (ARM) loan characterized by a fluctuating interest rate (usually
tied to a bank or a savings and loan association)
Ad Valorem Tax a tax levied according to value
Adverse Possession The actual, visible, hostile, exclusive and continuous possession of
another's land under a claim of title
Agency the relationship between a principal and an agent/the agent is authorized to
represent the principal
Agent one who acts or has the power to act for another
Agreement of Sale an offer to purchase that has been accepted by the seller and has
become a binding contract
Air lot a designated airspace over a piece of land
Air rights the right to use the open space above a property
Alienation Clause a clause in a mortgage that states that the balance of the secured debt
becomes immediately due and payable at the mortgagee's option if the mortgagor sells the
property
Amendment a change to the existing content of a contract
, Americans With Disabilities Act (ADA) federal law passed in 1990 to open doors for people
with disabilities to become part of society
Amortized Loan a loan in which the principal as well as the interest is payable in monthly or
other periodic installments over the term of the loan
Annexation process of converting personal property into real property
Anticipation appraisal principal that holds value can increase or decrease based on the
expectation of some future benefit or detriment produced by the property
Appraisal an estimate of the quantity, quality, or value of something
Appurtenance A right, privilege, or improvement belonging to, and passing with, the land
Appurtenant Easement an easement that is annexed to the ownership of one parcel and
allows the owner to use the neighbor's land
Area Preference people's desire for one are over another
Asbestos a mineral once used in insulation and other materials that can cause respiratory
diseases
Assemblage the combining of two or more adjoining lots into once larger tract in increase
total value
Assessment the imposition of a tax, charge, or levy, usually according to established rates
Latest Update Guaranteed Success
Abstract of Title condensed history of a 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
Acceleration Clause clause in a mortgage or trust deed that can be enforced to make the
entire debt due immediately if the mortgagor defaults on an installment payment
Acceptance a promise by the offeree to be bound by he exact terms proposed by the offeror
Accession acquiring title to additions or improvements to real property as a result of the
annexation on fixtures
Accession accretion of alluvial deposits along the banks or streams
Accretion increase of land by the deposit of sand or soil washed up naturally from a river,
lake, or sea
Accrued Depreciation loss in value resulting from the property's physical deterioration
Acknowledgement formal deceleration made before a duly authorized officer, usually a
notary public, by a person who has signed a document
Actual Eviction the result of legal action, originated by a lessor, whereby a defaulted tenant
is physically ousted from the rented property via court order
Actual Notice express information or fact; that which is known
,Addenda additional material attached to and made part of a document
Adjustable Rate Mortgage (ARM) loan characterized by a fluctuating interest rate (usually
tied to a bank or a savings and loan association)
Ad Valorem Tax a tax levied according to value
Adverse Possession The actual, visible, hostile, exclusive and continuous possession of
another's land under a claim of title
Agency the relationship between a principal and an agent/the agent is authorized to
represent the principal
Agent one who acts or has the power to act for another
Agreement of Sale an offer to purchase that has been accepted by the seller and has
become a binding contract
Air lot a designated airspace over a piece of land
Air rights the right to use the open space above a property
Alienation Clause a clause in a mortgage that states that the balance of the secured debt
becomes immediately due and payable at the mortgagee's option if the mortgagor sells the
property
Amendment a change to the existing content of a contract
, Americans With Disabilities Act (ADA) federal law passed in 1990 to open doors for people
with disabilities to become part of society
Amortized Loan a loan in which the principal as well as the interest is payable in monthly or
other periodic installments over the term of the loan
Annexation process of converting personal property into real property
Anticipation appraisal principal that holds value can increase or decrease based on the
expectation of some future benefit or detriment produced by the property
Appraisal an estimate of the quantity, quality, or value of something
Appurtenance A right, privilege, or improvement belonging to, and passing with, the land
Appurtenant Easement an easement that is annexed to the ownership of one parcel and
allows the owner to use the neighbor's land
Area Preference people's desire for one are over another
Asbestos a mineral once used in insulation and other materials that can cause respiratory
diseases
Assemblage the combining of two or more adjoining lots into once larger tract in increase
total value
Assessment the imposition of a tax, charge, or levy, usually according to established rates
