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Glossary Of Terms

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Assignable contracts

A relatively rare contractual situation that allows the holder to convey his or her rights to a third party, i.e. selling a property on to a new buyer after contracts have been exchanged with the developer, but before completion.

Association of Foreign Investors in Real Estate (AFIRE)

An independent, not-for-profit organisation based in Washington. It provides advice and opportunities for members to meet and exchange information at regular meetings in the US and Europe.

Association of Residential Letting Agents (ARLA)

Formed in 1981, ARLA is the regulatory body for letting agents in the United Kingdom.


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