Welcome back to RealtyMyths Weekly Word Wizard! Here are the real estate terms for the week.
Amenity: An amenity is a feature of a property that makes it more valuable to potential buyers or tenants. The term can refer to features of a single-family home that homeowners include in a real estate listing to attract potential buyers or renters.
Asset Protection: Asset protection is the concept of guarding one’s wealth. Asset protection is a type of financial planning intended to protect one’s assets from creditor claims.
Attornment: Attornment is the act of granting authority or jurisdiction to a party even though no legal rights exist.
Capital Improvement: A capital improvement is the addition of a permanent structural change or the restoration of some aspect of a property that will enhance the property’s overall value