Acre Foot – David Reecher An acre-foot is a volume occupied by one acre of land with a depth of one foot. Volume for an acre-foot is equivalent to 43,560 cubic feet (An acre measures 43,560 squa...Read More
How many sq. ft. in an acre? – David Reecher An acre is a unit of land measurement in the U.S. customary measurement system. It is usually used to measure large areas of land such as a farm, a l...Read More
Acknowledgment – David Reecher Acknowledgement is a legal term that refers to a declaration that affirms a person acted on their own free will. In the real estate lending industry, acknowledgeme...Read More
Accretion – David Reecher Accretion is the gradual buildup of sand and silt along the shores or banks of a waterway. For an easy way to picture accretion, the Gulf of Mexico and the Mississippi ...Read More
Accessibility – David Reecher Accessibility has to do with the extent at which a disabled person is provided ease of entry into and throughout the confines of a building. In new housing construc...Read More
Access – David Reecher Access is the means that enable a person to enter a piece of land or property. There are several examples of access, and the most common form is the streets, roads and sid...Read More
Acceptance – David Reecher Acceptance is a seller’s written statement that approves a buyer’s offer. Say that you are in the market for a new home and begin shopping around. You are ...Read More
Acceleration Clause – David Reecher An acceleration clause is the provision included in a loan agreement that allows the lender to demand payment in full. Ultimately, the remaining balance of th...Read More
Accelerated Depreciation – David Reecher Accelerated depreciation is an accounting method that lowers the value of property more quickly in the first few years of ownership. This can be contrast...Read More
Accelerated Cost Recovery System – David Reecher An accelerated cost recovery system is a way of calculating tax depreciation. It provides greater depreciation in the early years of property own...Read More