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  • September 3, 2010

Real Estate Dictionary

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You are here: Home / Real Estate Terms / P

P

Panel

A section or division of a wall, ceiling, or flat piece of building material that forms part of the surface of a wall, door, or cabinet. Electrical distribution box with circuit breakers, fuses, and terminals, to which household wiring is connected. …
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Panel Door

A door with a frame of horizontal rails and vertical stiles that surround raised or recessed panels-a type of construction that allows a door to expand and contract with changes in moisture and weather without cracking or warping. …
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Paneling

Strips of wood or wood-like material applied as a finish to a wall. …
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Parcel

An officially described piece of land. …
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Parget

A coating applied to a foundation wall to prevent water leakage. …
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Parking Strip

The strip of grass between the sidewalk and the street in front of a house. …
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Particleboard

A board composed of wood chips glued together under pressure. It is similar to chipboard, but has a higher density. …
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Partition

Any kind of structure dividing one room or space from another. …
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Partnership

Unmarried individuals who buy a piece of property have several options, such as a live-in partnership (in which both buyers share the residence) or a shared-equity partnership (one buyer lives in the home and the other is an investor in the property). …
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Party Wall

A wall built along the boundary between two properties. …
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