Real Estate Glossary

Our glossary is the largest dictionary of real estate and construction terms on the Internet with almost 10,000 definitions.
Real Estate Glossary
Our glossary is the largest dictionary of real estate and construction terms on the Internet with almost 10,000 definitions.



 
Pa - Pan - Par - Pas - Pe - Per - Perm - Pi - Pip - Pl

Plat - Plu - Po - Por - Pou - Pr - Pres - Pri - Pro - Prop - Pu


Sale of proposed properties before construction is completed.

Method of obtaining title to property through adverse possession, such as open, notorious, and continuous use of the property for a statutorily prescribed period of time.

Passage through the property of another, by long term usage without objection by the owner, which establishes precedence, which common law considers that a right has been established.

Chemical that protects from deterioration, rot or infestation of materials, such as wood. Copper napthenate and pentachlorophenol are commonly used as preservative for wood that is exposed to such conditions.

Home that is sold prior to being built.

Brick that is molded under pressure, causing it to be uniform and strong.

The value now of a level stream of income to be received each period for a finite number of periods.

Way of valuing real estate that computes the discounted present value of an expected stream of income, including rental income and future capital gains or losses.

The value today of an amount to be received in the future, based on a compound interest rate.

Pre-calculated tables providing the present values of $1 or an annuity of $1 for different time periods and at different discount rates.

Zoning designation covering a sensitive environmental area, parkland, scenic area or historic district, and placing especially strict limitations on private landowners' and nonowners' freedom to change the essential character of sites within the district.

1. Force exerted upon an opposing body.
2. Compression; squeezing.
3. A condition of distress.

Valve which keeps hot and cold water at the proper temperature and pressure by use of a diaphragm inside the faucet which reacts to increase or decrease the flow to keep it constant.

Pressure decrease, occurring from friction losses in a fluid system, from one point to another.

Oxyfuel welding process, which can be used in automated welding operations, which heats the surface to the proper temperature and then fuses the parts under sufficient pressure, without use of filler metal.

Apparatus to measure the amount of pressure exerted by fluids and gas and are used in systems that have dynamic operating characteristics so that changes must be monitored.

Pressure decrease, occurring from friction losses in a fluid system, from one point to another.

Control valve, often found in a water system, which will reduce pressure between the inlet and outlet to maintain the set outlet pressure when there are fluctuations in the inlet pressure.

Device used in a water service line, which reduces water pressure to the proper pressure for household use.

Safety vent that relieves pressure in a water heater.

Device used to pump water from a well.

Wood, which is protected against rot and insects, by having a preservative fluid force into it under pressure.

Use of stretching steel cables, in a concrete form, so that tension is put on them prior to the placement of concrete. Even after the concrete has set and hardened, the steel stays in tension, to add to the concrete strength.

The amount earned from a business or investment before deducting income taxes.

Past action(s) of a property owner or tenant.

Maintenance procedures conducted to prevent later repairs and extending a useful life.

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