An agreement that is legally binding because it is in conformity with all legal requirements and conditions.
Valid deed
Legally proper instrument which transfers title of real estate from seller to buyer.
Valley
(1) Level land at a low point between two mountains. (2) The corner where two roof slopes meet.
Valley flashing
Waterproofing the joint of a roof.
Valley jacks
Rafters that run from a ridgeboard to a valley rafter.
Valley rafter
Diagonal rafter at the intersection of two intersecting sloping roofs.
Valley roof
Roof that has a concave angle.
Valuable consideration
Value is exchanged in accordance with an agreement involving performance currently or in the future by the parties. Without reasonable consideration for performance a contract may not be valid.
Valuation
Estimated worth of a property as valued through an appraisal.
Value
An expression of monetary worth of a particular piece of real estate.
