Definition of "Wood-destroying insect"

Ernie Dill real estate agent

Written by

Ernie Dillelite badge icon

Samson Properties

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.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Generally, a legal notice implies a method of official notification to an individual, organization, company, or the public that a particular event is about to occur. We can call a ...

federal tax on gifts made and estate proceeds. ...

Roof having less than a 10 degree slant. ...

Payment made instead of taxes, For example, a tax-exempt institution, such as a state government complex of buildings, may make an offsetting in lieu of tax contributory payment to the ...

The term assessed value is used to define the dollar value of a property for the applicable taxes. The evaluator, a tax assessor, determines the property’s assessed value for tax ...

The restitution of a property insurance policy that has lapsed due to nonpayment of premiums. ...

Geographic location that is gradually being developed as an urban area. ...

Misuse, alteration, destruction, or neglect of land by an individual right-fully in possession that breeds a significant and permanent reduction of its value to the legal interest owned by ...

A deed in which two or more people in an indenture agreement have reciprocity and obligations toward each other. ...

Popular Real Estate Questions