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Real Estate Glossary > J words > Flashcards

J words Flashcards

1
Q

JointTenancy

A

Undividedownershipofapropertyinterestbytwoormorepersonseachofwhomhas arighttoanequalshareintheinterestandarightofsurvivorship,i.e.,therighttoshareequallywith othersurvivingjointtenantsintheinterestofadeceasedjointtenant.

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2
Q

JointVentures

A

Twoormoreindividualsorfirmsjoiningtogetheronasingleprojectaspartners.

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3
Q

JudgmentLien

A

Alegalclaimonallofthepropertyofajudgmentdebtorwhichenablesthejudgment creditortohavethepropertysoldforpaymentoftheamountofthejudgment.

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4
Q

Jurisdiction

A

Theauthoritybywhichjudicialofficerstakecognizanceofanddecidecauses;thepower tohearanddetermineacause;therightandpowerwhichajudicialhastoenterupontheinquiry.

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Real Estate Glossary (23 decks)

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