Appurtenance


Definition of "Appurtenance"

Item that is part of something else that goes with the property.

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Popular Real Estate Terms

Modified Accelerated Cost Recovery System (MACRS)

Term given to two depreciation systems defined by the Internal Revenue Service: The main system is called the General Depreciation System (GDS). U ...

Woman's Council Of Realtors (WCR)

Organization that is part of the National Association of Realtors and is designed to promote women activities in real estate transactions. Those inter ...

Perch

Land surveying measurement that is 16.5 feet in length, or 5 1/2 yards. A perch is also called a rod or a pole. Today the term perch is seldom used. I ...

Skylight

A window in a roof or ceiling of a structure from which light enters the house. ...

Financial Leverage

A portion of a real estate company's assets financed with debt instead of equity. It involves interest an principal obligations. Financial leverage i ...

Mobile Home

Pre-manufactured structure, often constructed of metal that is placed either on a minimal or no foundation. Mobile homes are typically situated in mob ...

Popular Real Estate FAQ

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

What Is A Title Search?

A title search is the process of reviewing court records and other records to ensure that there are no liens or claims against the property you are bu ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership including air right, mineral rights, riparian rights, and ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing process. They are usually employed by the title c ...

What Is A Survey?

A survey is an examination of a property\'s boundaries to determine the quantity of land, location of improvements, and other information. Usually the ...

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FAQ

What is a lien? What is escrow? What is Loan Amortization? I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase? What is a spec house?