Glossary: A

Abstract of title
This is a summary of proceedings on a property title.

Air rights
Air rights are the rights to control the area above a given property. Air rights can be sold, leased or rented.

Amenities
Amenities are features of a property that help to raise its value; e.g. a garage, pool or health club.

Appraisal
A professional estimate of a given property.

Assignment
This is how a contract or right to property is transferred between parties, such as mortgages, deeds and leases.

Glossary Index