Glossary

  • Contents
  • Index
  • Search
  • Abnormal Sale
  • Absorption
  • Absorption Rate
  • Accessibility
  • Accession
  • Accrued Depreciation
  • Acknowledgement
  • Acre
  • Acronyms
  • Actual Age
  • Actual age vs. Effective Age
  • Ad valorem
  • Adjusted Sales Price
  • Adjustment
  • Adverse possession
  • After-tax Cash Flow
  • Age-life Depreciation
  • Agents of Production
  • Air Rights
  • Akerson Format
  • Allocation
  • Amenities
  • Amortization
  • Amortization Schedule
  • Amount to Amortize $1
  • Anchor Tenant
  • Annual Debt Service
  • Annual Loan Constant
  • Annuity
  • Annuity in Advance
  • Anticipation
  • Applications of the Cost Approach
  • Appraisal
  • Appraisal Foundation
  • Appraisal Standards Board
  • Appraisal Subcommittee
  • Appraiser Qualifications Board
  • Appurtenance
  • Arms Length Transaction
  • Assemblage
  • Assessed Value
  • Assessment
  • Assessment Ratio
  • Assignment of Lease
  • Average Deviation
  • Balance
  • Band of Investment
  • Base Rent
  • Basis Point
  • Before Tax Cash Flow
  • Bill of Sale
  • Book Value
  • Breakdown Method
  • Building Codes
  • Bundle of Rights
  • Capital Gain
  • Capitalization
  • Capitalization Rate
  • Cash on Cash Return
  • Categories of Costs
  • Change
  • Chronological Age
  • Collection Allowance
  • Competition
    • Examples of Competition
  • Condemnation
  • Condominium
  • Conformity
  • Consistent Use
  • Contract Rent
  • Contribution
  • Conversion
  • Cooperative
  • Co-ownership or Concurrent Ownership
  • Corner Influence Tables
  • Cost
  • Cost Approach to Value
    • The Basic Cost Approach Formula
  • Cost to Cure
  • Curable Depreciation
  • Data Types and Sources
  • Debt Coverage Ratio
  • Debt Service
  • Deed
  • Deed of Trust
  • Deed Restriction
  • Demand
  • Depreciation
  • Depreciation Order
  • Deterioration
  • Direct Capitalization
  • Direct Cost
  • Discount
  • Discount Rate
  • Discounting
  • District
  • Easement
    • Dominant Estate
    • Easement Appurtenant
    • Easement in Gross
    • Servient Estate
  • Economic Age/Life Method
  • Economic Forces
  • Economic Life
  • Economic Obsolescence
  • Economies of Scale
  • Effective Age
  • Effective Gross Income
  • Effective Gross Income Multiplier
  • Efficiency Ratio
  • Elements of Comparison
  • Elements of Value
  • Emblements
  • Eminent Domain
  • Encroachment
  • Encumbrance
  • Entrepreneurial Profit
  • Equity Capitalization Rate
  • Equity Dividend
  • Equity Dividend Rate
  • Equity Investment
  • Equity Ratio
  • Escalation Clause
  • Escheat
  • Estate
  • Excess Land
  • Excess Rent
  • Exculpatory Clause
  • Expense Ratio
  • Expense Stop
  • External Obsolescence
  • Externalities
  • Favorable Financing
  • Feasibility Study
  • Fee Simple
  • Fee Simple Qualified
  • Fixed Expenses
  • Fixture
  • Flipping
  • Forces that Affect Value
  • Four Unities
  • Freehold Estate
  • Functional Obsolescence
  • Future Value of $1
  • Future Value of an Annuity of $1 Per Period
  • Going Concern Value
  • Government Monetary Policy
    • Federal Reserve Discount
    • Reserve Requirements
    • Federal Open Market Committee
    • Government Fiscal Policy
  • Government Restrictions
  • Government Survey System
  • Governmental Forces
  • Grantee
  • Grantor
  • Gross Adjustment
  • Gross Income Multiplier
  • Gross Lease
  • Gross Living Area (GLA)
  • Gross Rent Multiplier
  • Heirs
  • Highest and Best Use
    • Examples of Highest and Best Use
  • History
  • Incurable Depreciation
    • Example
  • Indicated Value
  • Indirect Costs
  • Insurable Value
  • Intangible Property
  • Interim Use
  • Internal Rate of Return
  • Investment Value
  • Joint Tenancy
  • Land
  • Land Residual
  • Law of Decreasing Returns
  • Law of Increasing Returns
  • Lease
  • Leased Fee
  • Leased Fee Estate
  • Leasehold Estate
  • Legal Description
  • Lessee
  • Lessor
  • Leverage
  • License
  • Lien
  • Life Estate
  • Limitations of the Sales Comparison Approach
  • Linkage
  • Liquidation Value
  • Loan Flipping
  • Loan to Value Ratio
  • Long Lived Item
  • Long-Lived Component
  • Lot and Block Legal Description
  • Marital Property
  • Market Conditions
  • Market Extracton Method
  • Market Rent
  • Market Segmentation
  • Market
  • Market Value
  • Mean
  • Median
  • Metes and Bounds Legal Description
  • Methodology of the Sales Comparison Approach
  • Methods of  Estimating Site Value
    • Abstraction Method
    • Allocation Method
    • Sales Comparison Method
  • Methods of Estimating Cost
  • Methods of Estimating Costs
    • Comparative Unit Method
    • Quantity Survey Method (copy)
    • Unit-in-place Method
  • Methods of Estimating Depreciation
  • Metropolitan Statistical Area
  • Mill
  • Minimum Rent
  • Miscellaneous Income
  • Miscellaneous Mortgage Terms and Facts
  • Mode
  • Modified Economic Age/Life Method
  • Mortgage
  • Mortgage Capitalization Rate
  • Mortgage Constant
    • Mortgage Problems
      • Amount of Payment
      • Buydown
      • Loan Balance
  • Negative Amortization
  • Negative Cash Flow
  • Neighborhood
  • Neighborhood Analysis
  • Neighborhood Boundaries
  • Neighborhood Life Cycle
    • Decline
    • Growth
    • Revitalization
    • Stability
  • Net Adjustment
  • Net Income Multiplier
  • Net Income Ratio
  • Net Leasable Area
  • Net Lease
  • Net Operating Income
  • Note
  • Obsolescence
  • Operating Expense Ratio
  • Operating Expenses
    • Other Expenses
  • Opportunity Cost
  • Other Income
  • Other Types of Value
  • Overage Rent
  • Overall Capitalization Rate
  • Overimprovement
  • Paired Sales Analysis
  • Participation Loan
  • Payback Period
  • Percentage Lease
    • Percentage Lease Problems
  • Percentage Rent
  • Personal Property
  • Physical and Environmental Forces
  • Physical Deterioration
  • Physical Life
  • Planned Unit Development (PUD)
  • Platform Framing
  • Plottage
  • Points
  • Police Power
  • Potential Gross Income
  • Potential Gross Income Multiplier
  • Preamble
  • Present Value of $1
  • Present Value of an Annuity of $1 Per Period
  • Price
  • Private Restrictions
  • Profit
  • Pro-forma Operating Statement
  • Progression
    • Examples of Progression
  • Property
  • Property and Property Rights
  • Property Flipping
  • Property Residual Technique
  • Property Tax
  • Prospective Appraisal
  • Quick Ratio
  • Quitclaim Deed
  • Range
  • Range Lines
  • Real Estate
  • Real Property
  • Reconciliation
  • Reconstructed Operating Statement
  • Recordation
  • Regression
    • Examples of Regression
  • Remainder Estate
  • Remainderman
  • Remaining Economic Life
  • Rent Terminology
  • Replacement Allowance
  • Replacement Cost
  • Reproduction Cost
  • Reserves
    • Estimating the Allowance for Reserves
    • Sinking Fund Method of Estimating Reserves
    • Straight-Line Method of Estimating Reserves
  • Restrictive Covenants
  • Return on Capital
  • Revaluation Lease
  • Reversion
  • Reversion Factor
  • Right of Survivorship
  • Risk
  • Sales Comparison Approach
  • Sandwich Lease
  • Scheduled Rent
  • Scope of Work
  • Sections in a Township
  • Segmentation
  • Several Tenancy
  • Short Lived Item
  • Short-Lived Component
  • Sinking Fund
    • Sinking Fund Problems
  • Site
  • Social Forces
  • Special Assessment
  • Special Purpose Properties
  • Special Warranty Deed
  • Square Foot Method
  • Standard Deviation
  • Statutory Estate
  • Steps in Sales Comparison Approach
  • Step-up Lease
  • Subdivision
  • Subdivision Development Method
  • Sublease
  • Substitution
  • Superadequacy
  • Supply and Demand
    • Examples of Supply and Demand
  • Surplus Land
  • Surplus Productivity
  • Taxation
  • Tenancy
  • Tenancy by the Entireties
  • Tenancy in Common
  • Tenant
  • Tests of a Fixture
  • Tests of Highest and Best Use
    • Economically Feasible
    • Legally Permissible
    • Maximally Productive
    • Physically Possible
  • The Appraisal Foundation - Organization and Relationships
  • Time Value of Money
  • Topography
  • Township and Range Lines
  • Township Lines
  • Trade Fixture
  • Triangle
    • Triangle - Area of
    • Triangle - Hypotenuse
  • Types of Cost
  • Types of Market Analyses
  • Types of Mortgages
  • Unit-in-Place Method
  • Units of Comparison
  • Unity of Possession
  • Vacancy Allowance
  • Value
  • Value in Use
  • Variable Expenses
  • Warranty Deed
  • Water Rights
  • Zoning

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