A deteriorated property that can be restored and sold for a gain.
Turning
Shaping materials using a lathe.
Turning point
A changed location for a surveying instrument during a survey.
Turnkey project
A development in which a developer completes the entire project on behalf of a buyer. The developer turns over the keys to the buyer at completion. All the new tenant or owner has to do is "turn the key" to the apartment or office in a newly constructed building because everything is completed and ready for occupancy.
Turnover
Movement for change of people, such as tenants. The sale of one average real estate inventory item within a specified time.
Turpentine
A colorless liquid, used as a thinner for oil paints and varnishes, distilled from the products of the pine tree.
Turret
A small tower usually on the corner of a building, most common in victorian-style homes.
Twine
Twist
A spiral disfigurement or warping in a section of lumber.
