Real Estate Glossary A
(Accouplement to A-Frame)
Accouplement
Timber brace or a tie of timber between two structural members. Pairs
of columns placed close together.
Accrual Accounting
Recording income as accounts receivable when earned and recording debts
as accounts payable when they are incurred. Also called accrual basis
accounting.
Accrual Basis
Recording income as accounts receivable when earned and recording debts
as accounts payable when they are incurred. Also called accrual basis
accounting.
Acquisition
The securing of ownership or controlling interest in a property or other
object through either purchase or a merger.
Acquisition Loan
Money borrowed for the sole purpose of purchasing property.
Acre
Land measurement equaling 43,560 square feet.
Act of God
Action occurring without the intervention of man which could include
but not be limited to hurricanes,earthquakes, floods, lightening, etc.
Actual Size
The actual size of a piece of material, as opposed to its nominal size.
Addition
Joining of a thing to another thing. A thing or part added, such as
a porch onto a house.
Adjoining Owners
Property owners with property touching a common property and who have
a legal right to notification when a zoning variance or change to the
common property is being formally considered.
Adjoining Property
Contiguous property sharing a common border.
Adjusted basis
The original cost of a property plus the value of any capital expenditures
for improvements to the property minus any depreciation taken.
Adjusted Cost Basis
Tax purpose cost measuring method that allows cost to be increased by
the cost of capital improvements or reduced due to depreciation. The
cost of a home would be increased by the amount paid to install a permanent
improvement such as air conditioning.
Affordability analysis
A detailed analysis of your ability to afford the purchase of a home.
An affordability analysis takes into consideration your income, liabilities,
and available funds, along with the type of mortgage you plan to use,
the area where you want to purchase a home, and the closing costs that
you might expect to pay.
A-Frame
Outer shape of a structure which has steeply sloped roofs and is in
the shape of an A, hence the name.
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