- Tenancy by EntiretiesReal estate conveyed to a married couple vests title in them as one person. Upon the death of either individual, full title passes to the survivor. Read More
- Tenancy in CommonWhen two or more people jointly hold a property without holding equal rights. Read More
- TenantOne who holds possession of real estate under a lease or rental agreement. Read More
- Tenant ApplicationAn application that has to be filled out by a potential renter in case of interest for a particular rental property. Read More
- Tenant DamagesAny damage occurring during the lease term that isn’t considered as normal wear and tear. Read More
- Tenant ImprovementsThe expense to physically improve a rented property, which may include new improvements or remodeling, and may be paid by tenant, landlord, or both. Read More
- Tenant ScreeningA process carried out by the landlord or a property management company to verify the background of a potential tenant. The process may include a(...) Read More
- Tenants In CommonReal property shared among more than one owner, with each owner possessing a percentage of the property, and can be sold or transferred at any(...) Read More
- TermThe length of a loan, often described in months or years. Read More
- Termite FlashingSheet metal placed where the wood framing members are attached to the concrete foundation used to prevent insects from getting into the(...) Read More
- Termite ShieldA shield, usually of galvanized metal, placed in or on a foundation wall or around pipes to prevent the passage of termites. Read More
- TermitesWood eating insects that superficially resemble ants in size and general appearance, and live in colonies. Read More
- Terra CottaA ceramic material molded into masonry units. Read More
- TerrazzoA flooring material composed of quartz, marble, granite, or glass chips that is set in concrete and then polished to produce a smooth surface. Read More
- The National Kitchen and Bath AssociationA nonprofit trade association that represents the kitchen and bath industry. Read More
- ThermostatA device which relegates the temperature of a room or building by switching heating or cooling equipment on or off. Read More
- Third PartyAn individual or entity involved in a transaction but is not one of the principals and, thus, has a lesser interest in the transaction. Read More
- Third Party FeesFees paid to a third party for services requested by the lender on borrower’s behalf. Read More
- Third-Party OriginationA process by which a lender uses another party to completely or partially originate, process, underwrite, close, fund, or package a mortgage loan. Read More
- Three-Day NoticeA type of eviction notice used in some states that demands the payment of delinquent rent within a three-day period or vacating the property as(...) Read More
- Three-Dimensional ShinglesShingles that have added dimensionality because of extra layers or tabs, giving a shake-like appearance. Read More
- Three-Way SwitchElectrical switch that enables you to turn a fixture on or off from two different locations. Commonly used at the top and bottom of a flight of(...) Read More
- ThresholdThe bottom metal or wood plate of an exterior door frame. Sometimes referred to as a saddle. Generally, they are adjustable to keep a tight fit(...) Read More
- Time & Materials ContractA contract which itemizes in detail the cost of labor (billed hourly in this case), overhead, and materials, opposed to a fixed-price contract. Read More
- TinnerAnother name for the heating contractor. Read More
- Tip UpThe downspout extension that directs water (from the home's gutter system) away from the home. They typically swing up when mowing the lawn, etc. Read More
- TitleA legal right to ownership of a property, including the right to sell, recognized and protected by the law. Read More
- Title CommitmentAn offer to issue a title insurance policy. The title commitment will describe the various conditions, exclusions and exceptions that will apply(...) Read More
- Title CompanyA company that insures title to property. Read More
- Title Company Closing FeeThis fee is paid to the title insurance company that conducts the closing and handles the transfer of funds among the parties. Read More
- Title CovenantsCovenants ordinarily inserted in conveyances and in transfers of title to real estate for the purpose of giving protection to the purchaser(...) Read More
- Title Defect(1) Any possible or patent claim or right outstanding in a chain of title that is adverse to the claim of ownership. (2) Any material(...) Read More
- Title InsuranceIs insurance that protects purchasers of real estate and mortgages against loss from defective titles, liens and encumbrances. Read More
- Title Insurance PremiumIn order to determine that the property is properly owned and not subject to any unacceptable liens, we require a search of the local real(...) Read More
- Title SearchA search and perusal of the public records for recorded instruments that affect the title to a particular piece of land. Read More
- Toe KickThe recessed area at the bottom of kitchen base cabinets is called the toe kick area. Most cabinets have a black or brown toe kick, but trim to(...) Read More
- ToenailingTo drive a nail in at a slant. Method used to secure floor joists to the plate. Read More
- Tongue and GrooveA carpentry joint on a board or plank in which the jutting edge (tongue) of one board fits into the grooved end (groove) of another board. Read More
- Top ChordThe upper or top member of a truss. Read More
- Top PlateTop horizontal member of a frame wall supporting ceiling joists, rafters, or other members. Read More