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Wainscoting
Wood paneling, tongue-and-groove boards or similar material
installed between a baseboard and a chair rail. |
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Waiver
A voluntary relinquishing of certain rights or claims. |
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Waiver of subrogation (in a lease)
Protects each party from being sued for the recovery of
damages by third parties with a claim against the other
party. |
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Walk-out basement
A feature that allows a door to open onto ground level. |
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Walk-through
A buyer's final inspection of the home to determine if conditions
in the purchase agreement have been satisfied. |
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Warranty
A legally binding promise to do something in the future. |
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Wetlands
Watery areas such as swamps, marshes and floodplains. |
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Wild deed
An improperly recorded deed. |
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Will
The most basic legal document outlining the disposition of
a person's estate in the event
of death. |
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Window light
An individual pane of glass. |
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Window seat
A bench built under an interior window. |
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Window well
A curved, corrugated steel insert used to isolate basement
windows from moisture if they're below the soil line. |
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Window well covers
Curved plastic covers designed to be installed on top of
a window well to cover the opening. |
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Work letter
Specifications for improvements that the landlord must make
before the tenant will accept the property. Sometimes includes
drawings, pricing and specific approval dates. |
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Wraparound mortgage
A loan to a buyer for the remaining balance on a seller's
first mortgage and an additional amount requested by the seller.
Payments on both loans are made to the lender who holds the
wraparound loan | apply for
a mortgage |
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