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Real Estate City Glossary
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Real Estate City Glossary
A
(Approved - Assumption Fee)
A1 | A2
| A3 | A4 | B1
| B2 | B3 | C1
| C2 | C3 | D1
| D2 | E1 | E2
| F1 | F2 | F3
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G1 | G2 | H1
| H2 | I1 | I2
| J | K | L1
| L2 | L3 | M1
| M2 | M3 | N
| O1 | O2
| P1 | P2 | Q
| R1 | R2 | S1
| S2 | T1 | T2
| U | V1 | V2
| W1 | W2 | X
| Y | Z
Approved
Term used to indicate that a particular installation has been
found to be in line with regulations, such as the building code,
by a governing body. Also refers to a building project that has
received all regulatory authorization required for construction
to proceed.
Appurtenance
Right that go with a property
Arrears
The circumstance of being behind in payments
Asking Price
Seller's initial price asked for a property.
Assemblage
The combining of two or more abutting parcels of land into one
ownership or use for the purpose of greater utility
Asset
Item of value, i.e. cash, securities, investments, real estate,
etc.
Assumption
The transfer of the seller’s existing mortgage to the buyer.
See assumable mortgage.
Assumption Clause
Provision allowing a buyer to take over transfer of the mortgage,
which is held by the seller.
Assumption Fee
Fee the lender charges to process the paperwork for the buyer
assuming the existing loan.
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