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.