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.