Encyclopedia of Real Estate Terms, Third Edition

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9780966894646: Encyclopedia of Real Estate Terms, Third Edition
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The Third Edition of the Encyclopedia of Real Estate Terms is the most comprehensive single-volume reference book on real estate terminology.

This 1,536-page book defines and explains in detail the meaning and significance of over 10,000 terms.

The book has three main aims: (i) to provide a clear and precise explanation of the meaning of a particular word or phrase (although legal and technical explanations proliferate, every effort has been made to avoid, as far as possible, the jargon or the cumbersome phraseology that has grown up in this subject since the Middle Ages); (ii) to help the user find an answer to many of the questions that occur in real estate today (if not directly, then by reference to a number of other sources); and (iii) to point out where a problem might occur upon which, when required, further advice and counsel should be sought.

It contains more than 15,000 citations (including over 5,700 cases and 1,900 statutory or code references). In addition, there are over 7,400 bibliographical references, many of which are referenced by page or paragraph number. The cross-referencing system, which extends to over 20,000 entries, provides an exhaustive thesaurus of real estate terminology. In addition, there is a separate BIBLIOGRAPHY of over 1,500 books.

This reference work is truly international in scope. It draws on material from North America, the United Kingdom, Australia and New Zealand, as well as French and Civil law.

The Encyclopedia of Real Estate Terms is an essential reference work for all professionals confronted with the complexities of the modern real estate world. It will prove invaluable to real estate investors, consultants, lawyers, accountants, managers as well as students.

"Comprehensive and Edifying. Understood by Joes, essential to Pros" Kirkus Discoveries, June 2008

PRAISE FOR THE SECOND EDITION

AAA rating , one deserved by this publication ... This is a reference work that would make a worthwhile addition to the library of anyone with a more than passing interest in real estate transactions, in particular, and property law in general McGILL LAW JOURAL

Every academic institution and major property organizations should have a copy PROPERTY MANAGEMENT

What makes this book special is both its sheer breadth of coverage, which makes for wide and fascinating reading, and clarity of exposition ... This monumental work looks set to be the authoritative work on this area of the law, and can be strongly recommended as an indispensable reference text. NEW LAW JOURNAL

A comprehensive and easy-to-read reference of real estate law and practice terms. PROPERTY & PROBATE.

As either a practical handbook of current terminology or an historical reference tool, it proves a thorough, easy-to-use guide to the real estate word REALTOR© MAGAZINE

A well documented guide to the meaning, use, and significance of over 8,000 real estate words and phrases LIBRARY JOURNAL

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From the Author:

I started assembling material for this book over 30 years ago and its original purpose was primarily definitional, but with an eye to explaining the full significance of the many words and phrases used in real estate and to act as a source for further reference.
 
It has now been expanded well beyond that point, but three aims remain: (i) to provide a clear and precise explanation of the meaning of a particular word or phrase (although legal and technical explanations proliferate, every effort has been made to avoid as far as possible the jargon or the cumbersome phraseology that has grown up in this subject since the Middle Ages); (ii) to help the user find an answer to many of the questions that occur in real estate today (if not directly, then by a ready reference to other sources); and (iii) to point out where a problem might occur upon which, when required, further advice and counsel should be sought.
 
The Third Edition (produced eight years after the second) continues to be definitional, but it goes much further. It chronicles that which has been said relating to a particular Term - or, to be more precise, over 10,000 Terms - with extensive cross-referencing. In that respect it is a dictionary, with an integral thesaurus. In addition, the text sets out many of the aspects of real estate that follow from the explanation (and full understanding) of the meaning and significance of a particular word or phrase; endeavoring to suggest answers to many of the questions that arise on a given subject. Thus, it is a comprehensive reference book on real estate -- a dictionary, a thesaurus and an Encyclopedia, rolled into one. It provides a road map from the definition, through an explanation of many related issues, to a series of further sources of information. In total, there are more than 11,000 references (including over 3,900 cases, 2,100 statutory or code references and 4,750 bibliographical references), giving the user an ample supply of ready sources for further research.
 
One of the most useful aspects of the Encyclopedia is the detailed bibliographical references, many of which are referenced by paragraph or page. Thus, it is quick and easy to find more detail on the subject being referred to (as with any good encyclopedia).
 
Since writing the first edition, the world of real estate has changed dramatically. Although many investment and legal principles clearly remain the same, and much ancient terminology remains intact ('reverter', 'conditional fee simple', 'entail' and 'profit à prendre'), there have been two major and interrelated changes. Firstly, real estate has become truly international and secondly new forms of financing have grown up. As investors move from country to country they have become familiar with 'exclusive agency', 'gross external area', and 'IRR', cannot escape 'environmental assessments', and those seeking finance will have become familiar with 'collateralized mortgage obligations (CMOs)', 'REITs', and more recently 'derivatives', 'Islamic financing' and 'sub-prime mortgages'. As a result, the third edition has become even more international, drawing on material from the United Kingdom (including Scotland), the United States, Canada, Australia, France and New Zealand.  There is also material from Hong Kong and other parts of the Far East. Thus, the Encyclopedia brings together terminology that has merged and at the same time it highlights the many differences that are to be encountered in countries that may have had a common law foundation, but have absorbed a mixture of terms and practices from each other.
 
The above is from the preface to the Third Edition. In addition, I have produced The Shorter Encyclopedia of Real Estate Terms aimed more at a general audience and now maintain an Online version of the Encyclopedia at realestatedefined.com.
 
It is hoped that the contents of these publications will be of use at a local and international level. The aim is to appeal to a broad audience (from students to teachers and from lay people to professional practitioners), but at the same time it is intended that the extensive reference material will be of assistance to the specialist user in further research and debate, whether in the local details and across a much broader spectrum. Material is included to show the evolution of a word, phrase, or issue and such material is then supported by more references on the subject. The aim is to explain the significance of a word or phrase in the broadest possible way, rather than becoming too embroiled in the minutiae; although minutiae there is.

Damien Abbott

About the Author:

Damien Abbott BSc, FRICS, CDipAF has over 40 years real estate experience gained in over twenty countries spread over five continents. He has worked with such prestigious companies as CB Richard Ellis, Ford Motor Company, Land Securities, Abu Dhabi Investment Authority and INVESTCORP International. He has lived and worked in Abu Dhabi, Brisbane, Brussels, London, Istanbul, New York and San Francisco. Damien Abbott is a Fellow of the Royal Institution of Chartered Surveyors and has a Diploma in Accounting and Finance. He is a member of FIABCI, the Urban Land Institute, CoreNet and an Affiliate Member of the Appraisal Institute.
Damien Abbott's extensive experience has involved development, investment, appraisal, management and financing of real estate with a total value in excess of $3.0 billion dollars. His work has taken him from new town development, to international real estate investment and has included such diverse responsibilities as appraisal work in Cairo and Damascus; condominium development in California; acquiring or financing office investments and shopping centers in London, Boston, Washington D.C., Los Angeles, Brussels and Paris; industrial development in Dublin and Finland; property sales for Gucci; and collateralized-mortgage financing for Saks Fifth Avenue. In 1995 he left INVESTCORP International and now combines writing, publishing and real estate consultancy with extensive travel. He now lives and carries on his business between London, England and Brisbane, Australia, and travels extensively for pleasure and to research the international real estate industry.

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