United Country Guardian Real Estate - Dillon, Beaverhead Madison County Southwest Montana Real Estate for sale

Dictionary / Glossary / Directory
of Real Estate Terminology
Definitions & Commonly Used
Real Estate Terms

Confused & overwhelmed by the overwhelming number of real estate terms and words? Every person working in real estate or planning to buy or sell real estate can benefit by using this dictionary directory glossary of real estate terminology, definitions and commonly used terms.

Real Estate Terminology Definitions & Commonly Used Terms
In Alphabetical Order

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

    Joint Tenancy with Right of Survivorship "Joint Tenants":

  • A form of co-ownership with undivided and equal interests. It is similarly to tenancy in common, except that in joint tenancy, the interest of a deceased co-tenant (co-owner) passes automatically to the surviving joint tenants in equal shares, regardless of the last will of the deceased. Joint tenancy is created by deed, and the fact of the intention to create a joint tenancy with right of survivorship should be stated. Joint tenancy property does not escape death taxes, but it does escape probate and, in that sense, saves money. However, there are disadvantages associated with the tax treatment of joint tenancy property.
    • Joint Venture:

    • A general partnership formed to carry on a specific business project as distinguished from continuing forward from one completed project to another.
      • Judicial Sale:

      • The sale of real estate under court order following a judicial foreclosure. Following the sale, the debtor retains the right of equity of redemption for a period of time, often a year, during which time he may effectively repurchase the property. This lingering equity of redemption is a cloud on the title, and it may be bought and sold as any other interest in real property.

      • Real Estate Terminology Definitions & Commonly Used Terms
        In Alphabetical Order

        A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

        While great care has been undertaken to provide accurate explanations and definitions for real estate terms and words in our real estate terms dictionary glossary dirctory, no real estate vocabulary dictionary cannot be completely accurate in all jurisdictions. Any / all definitions are for general purposes only and should not be used for any legal purpose. By use of this dictionary glossary directory of real estate terms, you agree to hold United Country - Guardian Real Estate harmless for any responsibility for any liability, loss or risk that may be claimed or incurred as a consequence of using this information.