Toronto Real Estate Glossary
A
(Accounts Receivable - Affordability analysis)
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
Accounts Receivable
Money owed to you.
Accouple
To join together. Used to denote semi-attachment or multi-family
units.
Accouplement
Timber brace or a tie of timber between two structural members.
Pairs of columns placed close together.
Accrual Accounting
Recording income as accounts receivable when earned and recording
debts as accounts payable when they are incurred. Also called
accrual basis accounting.
Acquisition
The securing of ownership or controlling interest in a property
or other object through either purchase or a merger.
Acquisition Loan
Money borrowed for the sole purpose of purchasing a home or real
estate.
Acre
Land measurement equaling 43,560 square feet.
Act of God
Action occurring without the intervention of man which could include
but not be limited to hurricanes,earthquakes, floods, lightening,
etc.
Actual Size
The actual size of a piece of material, as opposed to its nominal
size.
Addition
Joining of a thing to another thing. A thing or part added, such
as a porch onto a house.
Adjoining Owners
Property owners with property touching a common property and who
have a legal right to notification when a zoning variance or change
to the common property is being formally considered.
Adjoining Property
Contiguous property sharing a common border.
Adjusted basis
The original cost of a property plus the value of any capital
expenditures for improvements to the property minus any depreciation
taken.
Adjusted Cost Basis
Tax purpose cost measuring method that allows cost to be increased
by the cost of capital improvements or reduced due to depreciation.
The cost of a home would be increased by the amount paid to install
a permanent improvement such as air conditioning.
Affordability analysis
A detailed analysis of your ability to afford the purchase of
a home. An affordability analysis takes into consideration your
income, liabilities, and available funds, along with the type
of mortgage you plan to use, the area where you want to purchase
a home, and the closing costs that you might expect to pay.
