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Abstract of title
Abstract of title A summary of the public records relating to the title to a particular piece of land.
RELATED TERMS--------------------------------------
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
Land
The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.
SIMILAR TERMS--------------------------------------
Abstract
A summary; an abridgment.
Abstract of judgment
A full summary by the court of a judgment. It becomes a general lien on all of a debtor's property in the county where it is recorded.
Abstracter
The person preparing the abstract of title.
PREVIOUS AND NEXT TERMS--------------------------------------
Absentee landlord
An owner who does not reside in the place in which he owns real estate from which he derives rental income.
Absolute net
Lease that requires the tenant to pay all costs (including rent) associated with the operation, repair and maintenance of the building.
Absorption rate
The rate at which rentable space is filled.
Abstract
A summary; an abridgment.
Abstract of judgment
A full summary by the court of a judgment. It becomes a general lien on all of a debtor's property in the county where it is recorded.
Abstract of title
Abstracter
The person preparing the abstract of title.
Accelerated cost recovery system
Commonly referred to as ACRS (pronounced "acres"), a method of depreciating property rapidly for tax purposes. ACRS property is divided into classes and each class has a predetermined time period over which it may be depreciated.
Accelerated depreciation
A bookkeeping method that allows an owner to deduct a greater portion of the cost of depreciated property in the years right after it is bought.
Acceleration clause
Provision in a mortgage document stating that if a payment is missed or any other provision is violated the whole debt becomes immediately due and payable.
Accent lighting
A type of lighting that highlights an area or object to emphasize that aspect of a room's character.
This dictionary contains 6433 terms. |
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