Wood-destroying Insect
Definition of "Wood-destroying insect"
An insect, such as a termite, that "eats into" the wood and destroys it. This can cause significant damage to the home. Most states have laws that require termite inspection and certification when a house is sold. Many homeowners take out policies for an annual fee with termite companies as protection.
Popular Real Estate Terms
Lease payments based on factors other than the passage of time. ...
Part of a capital gain constituting tax benefits previously taken and taxed as ordinary income. ...
Cash earnings generated from a real estate investment or property. Cash earnings equals cash revenue less cash expense. The cash earnings may or may not be discounted to its present value ...
Person chosen by a testator/testatrix to handle and conduct the terms of a will to an estate. Duties include collecting and selling of properties and paying debts of the state. ...
Judicial order requiring the named person or business to act or not act on something. An example is an order to a tenant to make rental payments to a landlord. ...
Falsify financial records and statements to misrepresent the financial position and operating results of the business. ...
A notary public's guaranteeing the authenticity of a signature. ...
Inappropriate and possibly harmful use of land. For example, a factory located on the shore of a river discharges toxic pollutants into the waterway. ...
The integrity, morals, and principles guiding an individual's or profession's actions. ...
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