Glossary of Terms
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FEE SIMPLE | |
The highest estate or absolute right in real property. | |
FIXTURES | |
Permanent improvements to property that may not be removed at the expiration of the term of lease or tenure. | |
FLASHING | |
Sheet metal or other material used in roof and wall construction to shed water. | |
FOOTING | |
The widened section, usually concrete, at the base or bottom of a foundation wall, pier or column. | |
FORECLOSURE | |
Remedial court action taken by a mortgagee, when default occurs on a mortgage, to cause forfeiture of the equity of redemption of the mortgagor. | |
FRAMING | |
The rough timber work of a house, including the flooring, roofing, partitioning, ceiling and beams. |