2 A B C D E F G H I J L M O P Q R S T U V Z

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• Half-bath - Also called a powder room, a half-bath contains a toilet and a sink but no bathtub or shower stall.

• Hazard Insurance - Protects against damages caused to property by fire, windstorms, and other common hazards.

• Historic Preservation - The physical rehabilitation of a historic home or building, and the movement of the same name begun in the 1960s in the U.S. to preserve and protect landmarks and urban neighborhoods.

• Home Inspection - An examination of the structure and mechanical systems to determine a home's safety; makes the potential homebuyer aware of any repairs that may be needed.

• Home Warranty - Offers protection for mechanical systems and attached appliances against unexpected repairs not covered by homeowner's insurance; ,coverage extends over a specific time period and does not cover the home's structure.

• Homeowners' Association - A group that governs a modern subdivision or planned community. An association collects monthly fees from all owners to pay for maintenance of common areas, handle legal and safety issues, and enforce the covenants, conditions and restrictions set by the developer.

• Homeowners' Insurance - An insurance policy that combines protection against damage to a dwelling and Is contents with protection against claims of negligence (or inappropriate action that result in someone's injury), or property damage.

• HUD - The U.S. Department of Housing and Urban Development; established in 1965, HUD works to create a decent home and suitable living environment for all Americans; it does this by addressing housing needs, improving and developing American communities, and enforcing fair housing laws.

• HUD1 Statement - Also known as the "settlement sheet," it itemizes all closing costs; must be given to the borrower at or before closing.

• HVAC - Heating, Ventilation and Air Conditioning; a home's heating and cooling system.

2 A B C D E F G H I J L M O P Q R S T U V Z

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