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Definitions (417)
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RIDGE BOARD
The structural member of a roof where the rafters join at the top.
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ON-SITE IMPROVEMENTS
Buildings, structures or other amenities that are erected on a piece of property and contribute to its value.
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ZONE
A specific area within a municipality or other jurisdiction which conforms to certain guidelines regarding the use of property in the zone. Typical zones include single-family, multi-family, industria [..]
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ZERO LOT LINE
A municipal zoning category wherein a building or other fixture may abut the property line.
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WEEP HOLE
Drainage hole that allows water to escape.
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WARRANTY
An affidavit given to stipulate the condition of a property. The person giving the warranty assumes liability if the condition turns out to be untrue.
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VOLTAGE
An expression of electric force, or pressure. One volt being the force needed to move one amp against one ohm resistance.
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WALK-THROUGH INSPECTION
A process whereby an appraiser examines a property in preparation for estimating its value. Also, the process of inspecting a property for any damage prior to that property being bought or sold.
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VESTED
Having the right to use a portion of a fund such as an IRA. Typically vesting occurs over time. If you are 100% vested, you have a right to 100% of the fund.
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VENT PIPE
A pipe allowing gas to escape.
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