1. You are Here : Home »
  2. Glossary

Property Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
  • Abatement notice

    A notice served on the owner(s) or occupier(s) of a property from which a private nuisance arises, warning them of the intention to enter on the land in order to abate the nuisance.
  • Absolute title

    The right of ownership of a mortgage deed, which gives the right, in certain specified circumstances, to demand repayment in full, of the outstanding debt than the due date. Or a clause in a deed or contract, which provides for the early termination of an exciting interest in land, in certain specified circumstances, thereby advancing the future interest.
  • Agreement for lease/sale

    A contract to enter into a lease (or sale), which in order to be enforceable either must be evidenced in writing and signed by the person against whom action is taken for the breach of the alleged contract and there must be a sufficient act of part performance.
  • Alternative user value

    The value of land and buildings which reflects a prospective use which is different from that of the current use.
  • Anchor tenant

    One or more department or variety chainstores, or supermarkets, introduced into a shopping centre in key positions to attract the shopping public into the centre for the purpose of encouraging other retailers to lease shops en route. The larger the developments the more anchors required.
  • Asset valuation

    In the property market this expression is applied to the valuation of land and buildings or plant and machinery. The term is often used to describe an expert opinion of the worth of a property which may be incorporated into company accounts, where the ownership of the asset is not necessarily to be transferred but the valuation is required for the company takeovers, share flotation or mortgages.
  • Assignment

    The transfer of a property interest, especially a lease, from one party to another.
  • Atrium

    An entrance hall of a building, often rising through a number of storeys and containing lifts, reception areas and plants. Originally the hall or chief apartment of a Roman house.
Font Size:   Feedback Desktop site »
Language: English    हिंदी    ગુજરાતી
© 2017. a Web18 Venture | Network 18 Sites