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12 Cards in this Set
- Front
- Back
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Abandonment of Property |
Property has been surrendered and is not being maintained. or the property is not offered for sale or rent |
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Absorption |
is the rate at which property is leased or sold |
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Adaptive Resuse |
A process of converting a structure constructed for one purpose to a different use. |
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Agriculture Zoning |
Zoning that protects agricultural land from development by restricting lot size, formulating design criteria. |
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Air Rights |
the right to ownership of space above and/below the physical surface of a parcel of land |
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Anchor Tenants |
the largest tenants in a shopping center, an office building, industrial park, etc. the strength of the anchor tenants affects the ability of financing |
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Appriasal |
An opinion of the monetary value of a specific property, as of a specific date, supported by relevant and factual data. |
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Appreciation |
An increase in value; the opposite of depreciation |
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Assessed Value |
The value of real or personal property by the local government for property tax purposes. The value is usually less than the market value of the property. |
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Asset Managment |
Includes ongoing big picture property management activities such as capital improvements, refinancing, and the sale of property. |
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Basis |
The dollar amount the IRS attributes to an asset. It is used for a variety of tax purposes, including determining annual depreciation, and the gain and loss of the sale of property. It is derived by adding the cost of acquiring property to the value of any capital improvements, minus depreciation on the property. |
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Big Box |
A large-format store, typically one that has a plain, box-like exterior. Big Box stores are typically stand-alone or in power centers, locate near highway interchanges or exits, and are supported by a vast surface parking areas. |
