Finally go, after a tip off from the terrace (5)
I believe the answer is:
patio
'the terrace' is the definition.
('patio' can be a synonym of 'terrace')
'finally go after a tip off' is the wordplay.
'finally' indicates one should take the final letters.
'after' is a charade indicator (letters next to each other).
'off' indicates an anagram.
The last letter of 'go' is 'o'.
'a'+'tip'='atip'
'atip' is an anagram of 'pati'.
'o' put after 'pati' is 'PATIO'.
'from' acts as a link.
(Other definitions for patio that I've seen before include "yard" , "Where to put barbecue" , "Exterior paved area" , "Garden terrace" , "Spanish court" .)