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Tear-Down
Building in such poor condition that it cannot be repaired and must be
completely rebuilt.
Teardrop
Texture
Sprayed on finish that is allowed to dry with a pebbly finish.
Teaser
Rate
An enticingly attractive initial rate below the market offered in an adjustable
rate mortgage. In general, the interest rate reverts to the fully indexed
rate at the first adjustment date.
Tee
A plumbing fitting in the shape of the letter "T," used to connect three
sections of pipe.
Telepower
Pole
A pole installed in offices to bring electrical power to areas that are
not adjacent to a wall. The pole runs from floor to ceiling, with wiring
connecting to the power at the top.
Telescoping
Gauge
A T-shaped device used to measure the diameter of a hole. The device is
inserted into the hole and expanded until it reaches the edges. This distance
is then measured.
Temper
1. To strengthen a metal through heating.
2. To add water to mortar to improve its consistency.
Tempera
Egg-yolk based paint.
Tempered
Glass
Glass that is strengthened by being heated almost to the melting point.
Template
A guide or pattern used in drawing or manufacturing.
Temporary
Bracing
Various forms of bracing used to provide support to structures during
construction.
Tenancy
The right of possession of real estate whether by ownership or rental.
The period for which a tenant has the right of possession.
Tenancy
at Sufferance
Tenancy established when a person who had been a lawful tenant wrongfully
remains in possession of property after expiration of a lease.
Tenancy
at Will
A license to use or occupy lands and buildings at the will of the owner.
The tenant may decide to leave the property at any time or must leave
at the landlord's will. Agreement may be written or oral.
Tenancy
by the Entirety
Ownership by a husband and wife where they hold title together and where
the surviving spouse becomes the owner of the entire property.
Tenancy
for Life
A freehold equity in an estate, restricted to the duration of the life
of the grantee or other stipulated individual.
Tenancy
for Years
Created by a lease for a fixed term.
Tenancy
from Year to Year
Possession and use of a property estate by virtue of a lease. There are
four types of leasehold estates: estate for years, periodic tenancy, tenancy
at will, and tenant at sufferance.
Tenancy
in Common
Ownership of realty by two or more persons, each of whom has an undivided
interest, without the right of survivorship. Upon the death of one of
the owners, the ownership share of the decedent is inherited by the party
or parties designated in the decedent's will.
Tenancy
in Severalty
Ownership of property by one person or on legal entity (corporate ownership).
Tenant
Individual or corporation renting a residential or office unit.
Tenant
Changes
Changes made by a lessee to property during the term of the lease.
Tenant
Fixtures
Fixtures added to leased real estate by a lessee that, by contract or
by law, may be removed by the lessee upon expiration of the lease.
Tenant
Improvements
Changes, typically to office, retail or industrial property, to accommodate
specific needs of a tenant. Include moving interior walls or partitions,
carpeting or other floor covering, shelves, windows, toilets, etc. The
cost is negotiated in the lease.
Tenants'
Union
Group of rental occupants acting together.
Tender
To present something of value for another's acceptance. An offer to perform
an obligation, together with actual performance or evidence of present
ability to perform. To pay or deliver. To perform under a contract.
Tenement
In law, possession that are permanent and fixed; structures attached to
land or a building. Alternately, city apartment building that is over-crowded,
poorly constructed or maintained, and generally part of a slum.
Tenon
A projection on a beam or other member that fits into a mortise in another
member to forma mortise and tenon joint.
Tenon
Saw
A manual saw used to cut out a tenon on a beam or other member.
Tensile
Strength
A material's ability to resist stretching without breaking or permanent
damage.
Tensile
Stress
Stress pulling on a material or structure.
Tensionmeter
A gauge used to measure the tension on a wire fence during installation.
Tenure
The length of time or condition under which something, such as a piece
of property, is held. The nature of an occupant's ownership rights; an
indication of whether one is an owner or a tenant.
Tenure
in Land
The length of time or condition under which something, such as a piece
of property, is held. Classification of one's ownership rights in land.
One may either buy the land and own all rights to it or lease it where
one's rights are described in and limited by the lease agreement.
Tenure
Property
The right and duties of using and holding property.
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