America's Real Estate Academy, Inc.

is a manufacturing style of real estate housing usually having a shared common wall between two units. It is not a form of ownership.

any item added or installed by a tenant of a lease to the real property that is removed by the tenant prior to the end of the lease.

A fee paid for the privilege of transferring ownership of the property. The tax rate in GA is $.10 for each $100 (or fraction thereof) of price paid minus any assumed mortgages.

is one of the four essential characteristics that must be present for any product to have value. Transferability refers to the ability to transfer the unrestricted use or ownership of the product to another individual. Without this quality, there would be limited or no “exchange value” potential for the product.

The four essential characteristics or elements of value are: Demand, Utility, Scarcity, and Transferability – a useful tool to remember them is the acronym DUST.

are items that if included in any advertising which entices a borrower must disclose additional information to protect the consumer per Regulation Z.

Such terms include: credit terms, down payment, monthly payment, dollar amount of the finance charge, or term of the loan.

is a contract between landlord and tenant that shifts part of the cost of ownership to the tenant. In a triple net lease, the tenant will pay rent plus the tenant’s share of property taxes, insurance, and common area maintenance (CAM) on the building.

is a fiduciary arrangement used to transfer ownership of real or personal property to a trustee to be held and/or administered on behalf of the beneficiary. The person who creates the trust is called the trustor.

A deed executed by a trustee conveying land held in a trust.