Toronto Real
Estate Glossary A
(Abandon - Accounts Payable)
A1
| A2 | A3
| A4 | B1
| B2 | B3
| C1 | C2
| C3 | D1
| D2 | E1
| E2 | F1
| F2 | F3
|
G1 | G2
| H1 | H2
| I1 | I2
| J | K
| L1 | L2
| L3 | M1
| M2 | M3
| N | O1
| O2
| P1 | P2
| Q | R1
| R2 | S1
| S2 | T1
| T2 | U
| V1 | V2
| W1 | W2
| X | Y
| Z
Abandon
Leaving something in a place, without the intention
of returning.
Abandonment
The voluntary surrendering of property rights
but not transferring title to someone else.
Abode
Home, residence.
Absentee Owner
The owner of a property who lives in a differnet
location, leaving tenants in control and occupation
of the property.
Absorption Rate
The number of properties that can be bought or
sold in a particular market. May be broken down
as to types and sizes of properties. Expressed
as a percentage.
Abutment
Supporting structure (column) at the end of a
bridge or arch.
Abutment Piece
The bottom plate of a wall.
Abutting
Property adjoining or bordering another property.
Acceptance
An offeree’s consent to enter into a contract
and be bound by the terms of the offer.
Access
A means of entering a property or building. Ability
to reach something.
Accessory Building
Building which is secondary to the main structure
on the same piece of property such as a shed or
garage.
Account
Record of financial transactions. Credit extended.
Commercial relationship involving credit. A customer.
A financial fund.
Accountant
Person who specializes in keeping, inspecting
and adjusting financial records.
Accounts Payable
Money owed to someone else.
