- TabThe exposed portion of strip shingles defined by cutouts. Read More
- Tail BeamA relatively short beam or joist supported in a wall on one end and by a header at the other. Read More
- Tailpiece1. The short drainpipe located between a fixture drain and a trap. 2. The inlet tubes on faucets that connect it to water supply lines. Read More
- Take-OffThe process of making a list of the materials needed for a construction project to calculate how much it will cost to complete it. Read More
- TapingThe process of covering drywall joints with paper tape and joint compound. Read More
- Tax Assessed ValueAn assessed value is the dollar value assigned to a property to measure applicable taxes. Assessed valuation determines the value of a residence(...) Read More
- Tax DelinquentAn account becomes delinquent when the due date for the tax or other liability has passed and the amount due remains unpaid. Read More
- Tax ImpoundMoney paid to and held by a lender for annual tax payments. Read More
- Tax LienThe lien that is imposed upon real estate by operation of law that secures the payment of real estate taxes. Read More
- Tax SalePublic sale of property by a government authority as a result of non-payment of taxes. Read More
- Taxes and InsuranceFunds collected as part of the borrower’s monthly payment and held in escrow for the payment of the borrower’s, or funds paid by the borrower(...) Read More
- TeardownThe pre-planned demolition of an acquired home or other building for replacement, often when the existing structure is no longer suitable to the(...) Read More
- TecoMetal straps that are nailed and secure the roof rafters and trusses to the top horizontal wall plate. Sometimes called a hurricane clip. Read More
- TeeA "T" shaped plumbing fitting. Read More
- TemperedStrengthened. Tempered glass will not shatter nor create shards, but will "pelletize" like an automobile window. Required in tub and shower(...) Read More
- Tempered GlassA type of safety glass that is produced through controlled thermal treatment to fortify it and make it approximately four times stronger than(...) Read More
- Tenancy at WillA situation where the tenant has no lease, yet occupies the property under the owner’s permission. For example, a tenant continues to reside in(...) Read More
- 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