Foyer


Definition of "Foyer"

An entrance hallway from the outside of a building. Foyers are intended as a gathering place for people either before exiting or upon entrance.

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Popular Real Estate Terms

Net Leasable Area

The floor space in a building that is actually under lease. Net leasable area is all the leasable area of a building exclusive of none leasable space ...

Basic Industry Multiplier

Percentage of a geographic location's population to the number of persons employable by a basic industry in that area. A basic industry is one that dr ...

Floating Interest Rate

Interest rate on a loan that varies periodically based on some related measure. If interest rates are currently high and a prospective buyer of a home ...

Metropolitan Area

Urbanized area in and around a major city. The metropolitan area may overlap county and state boundaries and may encompass a city, its suburbs, and th ...

Effective Rate Of Return

Real rate of interest on a loan. It is the coupon rate divided by the net proceeds of the loan. Assume Sharon took out a $1,000,000, on year, 10% di ...

Siding

material placed on the outside surface of a structure such as aluminum or vinyl siding on a house. It is cost-efficient because it eliminates the need ...

Popular Real Estate FAQ

What Is Escrow?

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. When you put down a deposit on a house, for example, ...

What Is The Difference Between Being Prequalified And Preapproved For A Loan?

The difference between being prequalified and preapproved is simple: If you\'re prequalified it means that you POTENTIALLY could get a loan for the ...

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but doesn't own the actual walls, ceilings, or floors ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off of the loan in the event that you inherit a small f ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usually does the inspection. ...

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