Antiquarian bookseller a term, in todays usage, that describes a bookseller whose stock in trade is primarily old, rare, andor collectible books. Property something or a number of things in which one has the rights and interests subject to ownership. Contract the legal document that sets out the terms of the salepurchase of the property. The land and property industry has its own language. The original glossary, assessment terminology, was published in 1937, shortly after the founding of the national association of assessing officers. This free online glossary of real estate terms includes selected terms commonly encountered by both tenants and home purchasers.
Reproduction cost normal cost of exact duplication of a property as of a certain date. This glossary defines some of the more difficult terms used in property law. Glossary of property law terms designing buildings wiki share your construction industry knowledge. Property24 has put together a comprehensive property glossary, for your complete home buying reference. A course companion for studying for the real estate exam, for. This second edition remains the glossary for all in the landed professions and related endeavours. Non periodic printed publication of at least 49 pages exclusive of the cover pages.
Tenancy the right to occupy a property under agreed terms and conditions. We have created a glossary of the most commonly used real estate terms. A provision in a mortgage that gives the lender the right to demand payment of the entire outstanding balance if a monthly payment is missed. Below youll find a list of terms and their definitions to common book distribution terms.
The first half of the glossary contains terms az and is followed by two book anatomy illustrations, descriptions of the various book sizes, a guide to condition ratings, and the most common abbreviations used in the world of. Real estate glossary investing terms biggerpockets. It has been expanded to include recent additions to the property vocabulary. Here are some of the more commonly used industry terms that you should be familiar with to help better understand the property market.
Abbreviations appear alphabetized at the beginning of each respective letter. The glossary of property terms has helped define the property industry since its first publication in 1989. Ioba book terminology independent online booksellers. There are photo examples of the terms but please keep in mind that book characteristics and conditions vary. Thats why we put together a glossary of real estate terms for investors to use as a. Our glossary was designed to help visitors to our website understand unfamiliar book related terms. Since the commission for the sale of a house is almost always paid for by the seller, buyers are able to get assistance and information from real estate agents, usually at. Form of title generally required to be delivered at the sale of property. Replacement propertythe property received by an investor taxpayer in a 1031 exchange. This abbreviated glossary covers only the most commonly encountered terms. Within this alphabetical list of common terms certain issues have been expanded and in other cases direct links are provided to help you get closer to the specific data you require.
In 1956, assessment terminology was revised and reissued. There may be exceptions to some of our definitions our main concern is to provide you with general concepts relative to commonly used book jargon. It includes both tangible property and intangible property. Net price what a wholesaler or bookseller pays for a product after all discounts and allowances have been made. We hope you find this list of commercial real estate leasing.
A professional analysis used a loan or other financing. You might also like to have a look at our list of industry acronyms. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Many words, idioms, and phrases are based on the law, while others are more common words that have a certain meaning when used in relation to land and property records, either current or historical. As a digital marketplace with an exhaustive range of property listings, we know it is easy to get lost.
Glossary terms defined 6 city of san antonio inkind replacement to replace a feature of a building with materials of the same characteristics, such as material, texture, color, etc. These terms are provided for your information only, with the warning that terms may have different meanings or. Glossary of book termssome common abbreviations used in the world of collectible books. Glossary of terms page 1 glossary of real estate terms we hope you find this list of commercial real estate leasing terms helpful. Stratum area sua the area shown on a registered plan of subdivision as calculated by a registered surveyor. Glossary of real estate terms 801010 a type of blended mortgage loan which avoids private mortgage insurance pmi. Buy the glossary of property terms 2 by geoffrey parsons isbn. Net pricing a method of determining a wholesale price without reference to a suggested retail price.
This information is provided without warranty of any kind. Title absolute the highest form of tenure available. A large company that owns many bookstores under the same name. Thats why we put together a glossary of real estate terms for investors to use as a resource throughout the propertybuying process. Nov 22, 2019 property jargon buster a glossary of terms posted by onthemarket november 22, 2019 5.
It is in fact perhaps the definitive glossary of its kind and highly recommended. A professional analysis used a loan or other financing as an annual rate. At, we guide home buyers right from the start of their home search to the very end. The amount payable by the seller for the work done on. Association copy a book once belonging to the author, or signed or annotated by the author to someone closely associated with the author of the book or the book itself in some way. A superstore carries 100,000 or more titles and can include a coffee shop and other amenities. The first half of the glossary contains terms az and is followed by two book anatomy illustrations, descriptions of the various book sizes, a guide to condition ratings, and the most common abbreviations used in the world of books. These terms will not only help you understand the process of book production, but will help you build success for your book. Integrity condition or description of a property that is physically unaltered or one that retains enough of its historic.
Book plate an ownership label, usually placed inside front cover. The glossary contains terms commonly used in real estate by both tenants and home purchasers. Real estate exam glossary terms flashcards quizlet. Book glossary terminology used by book publishers, dealers, and collectors. Comparative market analysis cma condominium insurance ho6 conforming loan. Originally published in 1997, the glossary for property appraisal and assessment was.
Glossary of book collecting terms book collecting tips. Information about book conditions, the various parts of books, sizes and formats, and various terms used in the book world. If we have used a word you dont understand, please do ask what it means. In leasehold property ownership the lessee is the person who owns the property for a limited period of time and may be required to pay rent to the owner of the superior title lessor the person who owns the superior title and is entitled to the ground rent under the lease and possession of the property at the end of the lease term. Terraced house a property connected to other houses on either side. The glossary of real estate terms was prepared for blacks guide by e. The glossary of property terms has helped define the property industry since its publication in 1989. Access right the right of an owner to have ingress and egress to and from owners property over. With this in mind, the experts at our title companies have compiled the following glossary of terms commonly used. This glossary is your guide to book production, design and publishing terms. A more complete guide to book sizes, book conditions and binding terms can be found through the aforementioned links. Instead of having to come up with a 20% down payment, a buyer.
A fee form charged for services rendered from licensed sales brokers, loan officers, and. A course companion for studying for the real estate exam. Usually used for residential property and is very similar to gross internal area gia. Describes a book in which the top, fore edge and bottom of the outside of the. Glossary of property law terms designing buildings wiki. Dau glossary of defense acquisition acronyms and terms, 12th edition back to top. If you are looking for information about thailand property, use this glossary to find the meaning of any unfamiliar property terms. The world of real estate comes with its own special jargon. Under net pricing in the book industry, the publisher sets the price of a book to the bookseller or wholesaler, and each bookselling. Our glossary was designed to help visitors to our website understand unfamiliar bookrelated terms. The usage of this acronym depends entirely on the location of the bookseller. Property jargon buster a glossary of terms posted by onthemarket november 22, 2019 5. Real estate industry has its own unique language and, without some knowledge of this language, you may find yourself a bit confused if you become involved in a real estate transaction.
The increase in the property s value due to changes in market condition, inflation, or other causes. You can browse the abc for book collectors on the ilab website. Understanding this special terminology is essential for correctly interpreting the meaning and. The amount payable by the seller for the work done on marketing and selling a property. This is prepared in a draft form by the sellers solicitor and sent to the buyers solicitor. Master deed in a condominium development, the document recorded to reflect the location of the project and the individual units. Future plans for the glossary include making additional updates in 2014 and providing more frequent updates as terms are added or redefined. A list of terms and definitions particular to the subject of the book. Committees on real property, probate and trust law glossary. These terms will not only help you understand the process of book production. Glossary under secretary of defense for acquisition and.
Search the glossary of book terms to unravel the puzzling language you may have found in the description of your book. Property legal terms, like most legal fields, has terms that may not be familiar to people outside of the field. The propertyshark glossary is intended to provide real estate professionals and home buyers with a basic understanding of various specialized terms. It has been expanded to include recent additions to the property vocabulary and existing terms have been revised and amended where necessary to reflect correct common.
Glossary of terms norfolk county registry of deeds. This is an extract from the more comprehensive glossary of property terms jointly published by the reia, property council of australia pca and australian property institute api during january 2007. Document outlining the terms agreed between the buyer and the seller and binding both parties to complete the salepurchase transaction. Property professionals can often get caught up in their own lingo. Title deeds the legal documents that prove ownership of a property. Start studying modern real estate practice 19th edition.
Tenants in common a type of joint tenancy in a property where two or more purchasers own a property in unequal shares. Glossary for property international association of. Make sure youre in the know by getting to grips with the basics. A nontraditional book condition description that generally refers to a book in good or very good condition, although no standard exists for this term, and the word can be used to describe a wide variety of actual book conditions. A glossary of special, unusual, or technical words or expressions is an alphabetical. Glossary of real estate terms agent an individual who represents a seller, a buyer or both in the purchase or sale of real estate. A method of determining the value of a property by comparing the prices paid for similar properties. The glossary of property terms by jones lang lasalle. These terms will not only help you navigate the process of book production, but will help you build success for your book. The glossary of property terms 2nd edition geoffrey parsons jon. Suggestions for glossary entries are encouraged and can be sent to. Acceptance the act of agreeing or consenting to the terms of an offer thereby establishing the meeting of the minds that is an essential element of a contract. Glossary of real estate terms adirondack country homes.
The increase in the propertys value due to changes in market condition, inflation, or other causes. It includes all floor area including internal walls, mezzanines, hallways, bathrooms but excludes common spaces, patios, balconies. Glossary of terms for the dennis wheatley tribute site. This glossary is intended to help you understand book production, design and publishing terms. Some booksellers prefer the term mellowed, a term best perhaps reserved for. Code of ethics a written standard of ethical conduct embraced by the national association of realtors, a trade organization of more than 700,000 members representing all branches of the real estate industry. Glossary definition and meaning collins english dictionary. Adjustable rate mortgage arm a mortgage that permits the lender to periodically adjust the interest rate to reflect fluctuations in the cost of money. Glossary of bookseller, publisher and printer terms. Browse through more than 121,000 verified real estate properties with accurate lowdown on amenities, neighborhoods and cities, and genuine pictures. Antiquarian bookseller a term, in todays usage, that describes a bookseller. There are some commonly used, and often misunderstood, terms that you should know if you are investing in property. Nov 17, 2019 glossary of property law terms designing buildings wiki share your construction industry knowledge. If you are looking for information about thailand property, use this glossary to find.
It consists of an 80% 30 year first lien at market rates, a 10% 15 year second lien at a slightly higher interest rate, and a 10% down payment. Real estate terminology a course companion for studying for the real estate exam, for real estate home study courses, for real estate continuing education courses, for real estate statutory courses, and for any form of college real estate course. It has been expanded to include recent additions to the property vocabulary and existing terms have been revised and amended where necessary. Page 1 a abandonment failure to occupy and use property. Understanding this special terminology is essential for correctly interpreting the meaning and purpose of any individual land transaction.