Terrace
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  Terrace



Terrace

   A terrace can be several things: an unroofed paved area right next to a house; a roofed balcony; a veranda; or a raised bed of earth constructed to enhance a landscape.

RELATED TERMS
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Terrace
A terrace can be several things: an unroofed paved area right next to a house; a roofed balcony; a veranda; or a raised bed of earth constructed to enhance a landscape.

Balcony
A part of the building usually enclosed by a railing or balustrade that projects from either an inside or outside wall of a building.

Landscape
A home's surroundings can range from a shrub-studded emerald lawn to a native-plant xeriscape. It is a major component of curb appeal.



SIMILAR TERMS
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PREVIOUS AND NEXT TERMS
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Term beginning
States when the tenant begins to owe rent.

Term length
Specifies the effective period for the lease.

Term loan
A short-term loan requiring interest-only payments until maturity, at which time the entire principal is due and payable.

Termite inspection
A visable check of a property for the presence of termites, usually performed by a licensed exterminator.

Terms and conditions
The negotiable issues outlined in the offer to purchase and - or the purchase and sale agreement.

Terrace

Testamentary trust
A trust established by will.

Testate
Having made a will before death.

Testator
A male who has made a valid will.

Testatrix
A female who has made a valid will.

The 72-hour clause
When a buyer has a house to sell before they can purchase another home, most sellers insist on a 72-hour clause. In the event of a better offer coming in before the contingency is settled, this clause entitles the seller to give the buyer 72 hours to remove the contingency or lose the house.

This dictionary contains 6433 terms.
      












                    © Real Estate Dictionary 2005 - All rights reserved -

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