(1) Flooring in a structure. (2) Open structure with flooring erected outside a main building. A deck can have different levels with direct access to the main structure. It is usually constructed of wood having a creative design. In a home, a deck is often used for entertainment purposes and is recreational in nature. In a commercial building a deck is designed to be attractive and add to the ambiance. For example, a restaurant may have a deck where the clientele is served in suitable weather. (3) Roof structural surface where a roof covering system is applied. See also deck roof.
Popular Real Estate Terms
Generally speaking, the meaning of warehousing refers to the act of storing assets and keeping a physical inventory expecting a sale or distribution of goods at a later date. Warehousing is ...
An accounting methodology for separately depreciating individual parts or elements of a building or improvement qualifying as business use or a depreciable asset under the IRS tax code. ...
Privilege granted by a franchiser to a franchisee permitting the latter to operate using the franchiser's name. The franchisee must pay a franchise fee for such right. In addition, the ...
Time period for which one expects to keep property such as a real estate investment. ...
payment of a debt before its due such as a mortgage payment or insurance premiums. ...
The definition of alienation clause is the transfer or sale of a particular property or asset that can be applied once the owner has no more financial obligations to said property or asset. ...
Arrangement the insured and insurer share on a proportional payment for a loss. ...
Apartment building in which each resident owns a percentage share of the corporation that owns the building. ...
Real estate business owned by one person having all the rights and obligations. ...

Have a question or comment?
We're here to help.