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Used in Acquiring Real Property. ACQUISITION. Acquisition is the process of gaining ownership or control of real property (real estate) or an interest in real property.
Real estate acquisitions refer to when an investment company purchases existing properties, renovates them to fit market standards, then rents them and eventually sells them for profit.
Property acquisition refers to the process of gaining ownership or rights over a real estate property. The rules of acquisition of any given property may vary from country to country, however, most follow a standard process.
An acquisition tenant is an inherited renter currently residing at a property that you buy. Acquisition tenants come in all varieties. They may be in typical 12-month leases, or often they have lived at the property for years. In some cases, paperwork for these tenants may be old, incomplete, or nonexistent.
In real estate, the word "acquisition" is used to describe the effort, action, and process of buying a property.