An unusual sale in a marketplace. Parents selling a property to their children for below market value may be an abnormal sale.

A property owner who does not reside on the property, but who relies on a property manager to oversee the investment.

A brief history of a property's title, including all judicial proceedings, conveyances, records, grants and wills, and a statement of all recorded liens and encumbrances.

A method of determining the value or estimated selling price of land by deducting (abstracting) the value of any site improvements from the overall selling price of the property. Also called Allocatio [..]

A faster method of determining the cost write-off of personal property, used in a business or for the production of income, by applying the straight-line method. The method of depreciation assumes tha [..]

A provision in a document like a mortgage, promissory note, trust deed or agreement of sale stating that the remaining amount owed is due immediately upon payment default, sale of the property or othe [..]

An agreement by the seller to the terms of the sale.

See Mobility Premium.

The right to utilize land that may be privately owned for public purposes. See Ingress, Egress and Easement. A means to a property.

The acquisition of title of a neighboring property or improvements to that property due to the placement of fixtures that lie beyond the property. For example, if a property owner builds a fence that [..]