Home Buyer Resources
Terminology and phrases utilized throughout the building process may not be familiar to you. We have listed common terms and phrases for your reference. If you require additional information or clarification, please contact your Area Manager, as they will be with you throughout the building process to answer any questions or concerns that you may have.
An architectural term for a frieze or band running horizontally and situated vertically under a roof edge, or which forms the outer surface of a cornice, visible to an observer. Typically consisting of a wooden board or sheet metal.
First Year Material And Workmanship Protection
Coverage provided by the alberta new home warranty program if a builder does not perform. It provides up to $60,000 for the repair of defects in materials and workmanship during the first year of owner occupancy.
A freehold title is an interest in land that gives the holder full and exclusive ownership of the land and building for an indefinite period.a leasehold title is an interest in land that gives the holder the right to use and occupy the land and building for a defined period.