A special type of loan available to equity-rich, older owners. Repayment is not necessary until the borrower sells the property. …
Ridge Board
A horizontal board that serves as the apex of the roof structure. …
Ridge Vent
A vent located along the ridge board of the roof that allows moisture to escape. …
Right of First Refusal
An agreement by a property owner to give another person the right to buy or rent the property before it goes on the open market. …
Right of Way
The right to pass over or use another's land. …
Replacement Reserve Fund
Money that is set aside from homeowners' assessments to replace common property such as furniture in a planned development's community room. …