
Simple
Assumption
Loan
that keeps the original borrower liable in the event that the new borrower
defaults on the loan.
Simple
Cornice
Horizontal
board fastened to a wall to hold the decorative portion of a cornice.
Simple
Interest
Interest
computations that are calculated only on the original principal amount.
Simple
Rate of Return
Accounting
or unadjusted rate of return. The return computed by dividing the anticipated
future annual net income by the required investment in real estate.
Simulate
To
replicate another thing. To artificially take on the appearance or behavior
of a different object or condition.
Single
Coursing
Single
layer of siding shingles that is applied with a small overlap along the
edge of the course below.
Single
Cut File
Metal
file with teeth that are diagonally cut and run in a single direction across
the face.
Single
Face Fireplace
Fireplace
that opens in only one room.
Single
Family Dwelling
House
designed for use by one family. Even if other dwellings are attached, as
in a town house, they would have separate plumbing, heating and electrical
systems, etc. They may be detached housing, town homes, condominiums or
co-operatives.
Single
Hung Window
Window
consisting of a fixed upper sash and a moveable bottom sash that goes up
or down to open or close the window.
Single
Line Diagram
Drawing,
using only one line to show the routing of electrical circuits, despite
the amount of connections it may have.
Single
Lite
Stationary
window with a single, undivided glass pane.
Single
Phase
AC
electricity with one phase. Electricity generation is in three stages of
power, 120 degrees apart.
Single
Pole, Double Throw Switch
Electrical
switch, also known as a three-way switch, is used to turn lights, or other
circuits, on and off at different places. For example, at the top and bottom
of stairs or on the ends of a long hallway. The light can be turned on
from one switch and then turned off from the other.
Single
Pole, Single Throw Switch
Electrical
switch, the most common one used in buildings, which controls the outlet
or light from only one place.
Single
Property Syndicate
Equity
investors involved in the purchase of one property only, with the total
amount of money raised being used for that purpose.
Single
Wall Siding
Exterior
wall siding that is not applied over sheathing.
Sink
Term
technically applied to a kitchen sink but is also used to describe the
lavatories in bathrooms.
Sinking
Fund
Fund
set aside for periodic payments, aimed at reducing a financial obligation
taken out to buy real estate, or to accumulate enough funds to buy property
or for plant expansion. The principal deposited into the sinking fund earns
interest. The total amount accumulated is then used for the desired purpose.
SIOR
Society
of Industrial and Office Realtors. Organization, affiliated with the National
Association of Realtors, whose members are mainly concerned with the sale
of warehouses, factories, and other industrial property. Confers SIOR designation.
Address: 700 11th Street NW, Suite 510 Washington, DC 20001.
Site
A
plot of land prepared for or underlying a structure or development. The
location of a property.
Site
Analysis
Evaluation
of an area to determine its appropriateness for designated objectives.
Site
Assessment (Environmental)
An
evaluation of a site, prior to acquisition of title to the property, for
the existence of hazardous waste. Under the Comprehensive Environmental
Response, Compensation and Liability Act of 1980 (CERCLA), as amended by
the Superfund Amendments and Reauthorization Act of 1986 (SARA) anyone
acquiring title to a site is responsible for environmental damage resulting
from hazardous wastes on the site. However, there are legal defenses for
landowners who conduct proper site assessments prior to acquisition.
Site
Built Home
Home
is constructed on a piece of property that is chosen by the potential homeowner,
at a location they pick, and then a home is built.
Site
Development Costs
Total
expenses required to make a property suitable for it's designated purpose.
Site
Plan
Document
that describes how a parcel of land is to be improved. It includes the
outlines of all structures and site improvements, such as driveways, parking
lots, landscaping and utility connections.
Site
Survey
Determination
of the measurements of a specific location.
Situs
Geographic
location of land based on its economic significance. The economic attributes
of location, including the relationship between the property and surrounding
properties, as well as distant points of interest and the linkages to those
points. Situs is considered to be the aspect of location that contributes
to the market value of a real property.
Size
Thin,
pasty or gluey substance used as a glaze or filler on porous material,
such as plaster, paper, cloth, etc.
Sizing
1.
To make or shape to a given size.
2.
To grade or arrange according to size.
3.
To estimate the sizes needed.
4.
The act or process of applying size.
Skeleton
Framework
of a structure.
Sketch
A
simple, rough drawing or design.
Skew
1.
Turn aside or to one side; slanting, oblique.
2.
Chisel, used with a woodturning lathe, which has a cutting edge at a different
angle than perpendicular to the axis of the blade.
Skewback
Slanting
surface that supports either end of a segmental arch.
Skewed
1.
At an angle.
2.
Not parallel or level.
3.
Out of square.
Skewed
Beam
Structural
piece that intersects with another structural piece at a different angle
than a 90-degree angle.
Skil
Saw
Trademark
name given to a brand of portable circular saw.
Skim
Coat
Thin
coat of joint compound applied to a rough wall to smooth it.
Skin
1.
Outside layer or covering of a structure, which may be a coating of material
for protection against the weather.
2.
Dry surface which appears on paint, caulk, and similar materials that are
exposed to air for too long.
Skintled
Brickwork
1.
Brick wall where mortar has been squeezed out between the joints and set
up so that it appears rough.
2.
Brick wall with brick set in different vertical planes and not flush so
that it appears rough.
Skippy
Defective
job of painting that leaves uncoated parts of the surface.
Skip
Trowel
Texturing
which is troweled on to fashion a finish coat of wallboard or plaster that
is flat and slightly elevated.
Skirt
1.
Border of trim molding.
2.
Siding that covers from the base to the ground of a mobile home or porch.
Skirting
Placing
baseboard around an interior wall base.
Skylight
Roof
window that allows natural light into a room. Certain types of skylights
can be opened and closed and provide ventilation.
Skylight,
Self-flashing
Skylight
that installs directly into the roof slope and is less conspicuous.
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