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ARGUS

Definitions

A computer program utilized to analyze portfolio performance and purchase opportunities.  

Arm’s Length Transaction

Definitions

A sale between a willing buyer and a willing seller that are unrelated and are not acting under duress, abnormal pressure or undue influences.

Arrears

Definitions

A financial and legal term that refers to the status of payments in relation to their due dates.

As-Is Condition

Definitions

The acceptance by the tenant of the existing condition of the premises at the time a lease is consummated, including any physical defects.

Arithmetic Mean

Definitions

A mathematical representation of the typical value of a series of numbers, computed as the sum of all the numbers in the series divided by the count of all numbers in the series; a ...

As-Is Value

Definitions

The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date.

Asking Rent

Definitions

The list price for rent.

Assemblage

Definitions

The assembling of adjacent parcels of land into a single unit.

Assessed Value

Definitions

The monetary value assigned by government assessors to a property and act as the basis for property values.

Assessor

Definitions

A local government official who determines the assessed value of taxable property in a county or municipality; this valuation is used to determine the tax basis for a property in a ...

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