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Duct
Duct
Any kind of pipe or channel that carries water, wiring or conditioned air through a house.
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Dry rot
A fungal decay that causes lumber to crumble.
Drywall
A construction material used as a basis for interior walls in a home.
Dual agency
An agency relationship in which the agent acts concurrently for both principals in a real estate transaction.
Dual agent
An agent representing both parties in a transaction.
Dual representation
A broker or salesperson representing both buyer and seller in the same transaction.
Duct
Due diligence
Activities carried out by a prospective purchaser or mortgager of real property to confirm that the property is as represented by the seller and is not subject to environmental or other problems.
Due on sale
A covenant that makes a mortgage due if the property is sold before the maturity date
Due-on-sale provision
This is a clause that insists the mortgage must be repaid in the event that the property is sold.
Due-on-sale-clause
This clause effectively eliminates the possibility of the new buyer's assuming the mortgage unless the mortgagee permits the assumption, in which case the mortgagee might increase the interest rate or charge as assumption fee.
Dump
A land site where wastes are discarded in a disorderly or haphazard fashion without regard to protecting the environment.
This dictionary contains 6433 terms. |
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