Halifax Nova Scotia Real Estate
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Halifax Nova Scotia Real Estate Glossary A
(Approved - Assumption Fee)
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 | ZApproved
Term used to indicate that a particular installation has been found to be in line with regulations, such as the building code, by a governing body. Also refers to a building project that has received all regulatory authorization required for construction to proceed.Asking Price
Seller's initial price asked for a property.Asset
Item of value, i.e. cash, securities, investments, real estate, etc.Assumption
The transfer of the seller’s existing mortgage to the buyer. See assumable mortgage.Assumption Clause
Provision allowing a buyer to take over transfer of the mortgage, which is held by the seller.Assumption Fee
Fee the lender charges to process the paperwork for the buyer assuming the existing loan.