- Main drainThe part of the drainage system between the home’s sewer drain and fixture drains. Read More
- Main Water ShutoffA valve that turns off the main water supply coming into the house, which is typically located in basements, on the exterior of the house, or(...) Read More
- MaintenanceAn umbrella term for regular activities that keep the property in good condition. Read More
- Make GoodThe obligation of a lessee at the end of their occupation to ensure that premises are returned to the same condition as at the commencement of(...) Read More
- Management FeeThe Management Fee is an operating expense paid to the operator to cover costs of managing the property operations, like annual accounting,(...) Read More
- Mansard RoofA roof with floor sloping sides, each of which has a steeper slope on the bottom half than on the top half. Read More
- MantelA decorative shelf above a fireplace. Read More
- Manufactured HousingA factory assembled residence built in units or sections that are transported to a site. Homes that are permanently affixed to a foundation(...) Read More
- Manufactured WoodA wood product such as a truss, beam, gluelam, microlam or joist which is manufactured out of smaller wood pieces and glued or mechanically(...) Read More
- Manufacturer's SpecificationsThe written installation and/or maintenance instructions which are developed by the manufacturer of a product and which may have to be followed(...) Read More
- MarbleA material composed of limestone that is typically used for countertops and tile. Read More
- MarginA percentage added to the index for an adjustable-rate mortgage (ARM) to establish the interest rate on each adjustment date. Read More
- Market RateThe price for a real estate transaction that depends on the seller’s expected price and the buyer’s inclination to pay. Read More
- Market ValueAn average between the highest price that a buyer, willing but not compelled to buy, would pay and the lowest price a seller, willing, but not(...) Read More
- Marketable TitleA title that a court of equity considers to be so free of material defects and liens that it will force the title’s acceptance by questioning(...) Read More
- MarmoleumA modern brand-named type of linoleum flooring from Forbo-Nairn that is LEED certified due to its being hypoallergenic and composed of(...) Read More
- MasonryBrick, stone, and other building materials that are bound together by mortar. Read More
- Master SuiteThe largest bedroom in a home that typically contains a sitting area and an en-suite bathroom. Read More
- MasticA pasty material used as a cement (as for setting tile) or a protective coating (as for thermal insulation or waterproofing) Read More
- Materials listA list of materials required to complete a new construction or renovation project. Read More
- MaturityThe termination period of a note (e.g., a 30-year mortgage has maturity of 30 years). Read More
- Measurable floor areaThe floor area under ceilings 5 ft. and higher, or furred ceilings 7 1/2 ft. and higher. Read More
- MechanicalsThe systems inside the walls and ceilings such as electrical, plumbing, and HVAC that essentially power the home. Read More
- Mechanic’s LienA lien on real estate, created by operation of law, which secures the payment of debts due to persons who perform labor or services or furnish(...) Read More
- Medium-Density FiberboardAn engineered wood product that is composed of broken down hard and softwood and combined with wax and a resin binder. It is typically used for(...) Read More
- Medium Household IncomeFor any geographic area, the household income for which half of households in that area have more income and half have less. Read More
- MembraneA thin layer of material typically made of synthetic rubber that forms a barrier to prevent water penetration. Read More
- Merchantable TitleA title that a court of equity considers to be so free of material defects and liens that it will force the title’s acceptance by questioning(...) Read More
- Merged Credit ReportA credit report issued by a credit reporting company that combines information from two or three major credit bureaus. Read More
- Metal LathSheets of metal that are slit to form openings within the lath. Used as a plaster base for walls and ceilings and as reinforcing over other(...) Read More
- Metes And BoundsDescribing boundaries by using courses, directions, distances and monuments. Read More
- Mezzanine DebtA loan often used by developers to secure supplementary financing for development projects. These loans are often secured by a lien subordinate(...) Read More
- MicrolamA manufactured structural wood beam. It is constructed of pressure and adhesive bonded wood strands of wood. They have a higher strength rating(...) Read More
- Mid-Century ModernA design from the 1930s to the 1960s that was characterized by clean, organic forms, and lack of embellishment. Read More
- Milar (Mylar)Plastic, transparent copies of a blueprint. Read More
- MillworkAny wood-mill produced materials that typically include molding, doors, and trim. Read More
- Mini SplitHeating and cooling system that allows for controlled heat and cooling in each room. Read More
- MinipermShort-term permanent financing, usually 3 to 5 years. Read More
- MiterA joint formed by beveling the edges or ends of two pieces of material, fitted together at an angle. Read More
- Miter JointA perpendicular joint that is made by cutting two pieces of material are cut and joining them at a 45-degree angle. Read More