Acre
- Unit of measurement of land
Accelerated Depreciation
- An accounting method which depreciates the value of the property much faster than the other methods taking into consideration its ownership
Acceptance
- Consent by the person receiving the offer to be bound by the terms and conditions of the person making the offer
Adjusted Cost Basis
- The cost incurred by a seller in making changes or enhancements to the property
Administrator
- An individual who is in charge of supervising a property which is devoid of legal succession; usually appointed by a probate court
Allotee
- The person who is officially allotted a property, either by a regulatory body or by a developer
Agreement
- A formal written contract with terms and conditions which authorizes the sale/purchase/lease of a property and that which acts as a legal proof in case of disputes
Anchor Tenant
- A retail chain store which is housed in commercial spaces like malls or business centres
Amenity
- Value added facilities like gym, club house and other services which enhance the property’s surroundings
Amortize
- The repayment of loan in installments comprised of the principal and interest amount
Apartment
- A type of property intended for any type of independent use, especially for residing
Appraisal
- A written report of the estimated value of a property certified by an authorized Real Estate valuer
Appreciation
- An increase in the value of a property due to changing market condition observed over a period of time
Architect
- An expert who designs and builds structures with different architectural layouts
Asbestos
- A fireproof material usually fixed on the roof of a house
Assessed Valuation
- The value determined by the authority for the purpose fixing the tax value
Assignment
- The transfer of a loan from one individual to another
Assignor
- An individual who transfers his property ownership to another individual
Asset
- A intangible or tangible possession which has a monetary value and is a source of income to the holder
Auction
- A public sale wherein a property is sold to the highest bidder in terms of money