Glossary - Words and Terminology used in Commercial Property

ABANDONMENT VALUE
The value of a project or asset if it were immedia ...see more

ABATEMENT
A decrease or reduction in the price of a property ...see more

ABSTRACTION (EXTRACTION) METHOD
A method by which the value of land may be establi ...see more

ACCELERATED DEPRECIATION
Depreciation is the reduction of the value of a pr ...see more

ACCREDITED ASSESSMENT EVALUATOR (AAE)
A professional designation. A property evaluator w ...see more

ACCRUED
An adjective describing something that has come in ...see more

ACQUISITION
The process of taking title to or ownership of som ...see more

ADJUSTED COST BASE
For the purposes of determining capital gain ...see more

AFTER-TAX CASH FLOW
The net proceeds from an income-producing pr ...see more

AGREEMENT OF SALE
Also known as Purchase Agreement, Agreement of Pur ...see more

AIR RIGHTS
A saleable commodity, the right to occupy or use t ...see more

ALLOCATION (ABSTRACTION) METHOD
Estimating the value of land only by deducting the ...see more

AMENITIES
Positive features of a particular property (such a ...see more

AMORTIZATION
The preparation of a payment plan for a loan ...see more

ANCHOR TENANT
Description of a tenant in a shopping mall or cent ...see more

APPROACHES TO VALUE
Different methods by which appraisers estimate the ...see more

ASKING PRICE
The price at which the Vendor advertises a propert ...see more

ASSEMBLAGE
The combining of two or more parcels, usually but ...see more

ASSESSED VALUE
The value assigned to a given property by the muni ...see more

ASSESSMENT
The act of estimating the value of land for ...see more

AUCTION
The process of selling property to the highest bid ...see more

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