Joint - Real Estate Terms

Definition of "Joint"

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Erika Larios-Grimaldi La Rosa Realty LLC

Combined action of two or more people either for or against something. In real estate, used to indicate a common property ownership interest. Joint is also used to indicate a shared liability in terms of a contractual relationship.

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General Partner

Managing partner of a limited partnership who is in charge of its operations. A general partner has unlimited liability. Member of a partnership ...

Co-mortgagor

Two or more parties signing a mortgage and sharing a joint financial obligation for the mortgage terms. Under these circumstances, co mortgagors often ...

Unity Of Possession

Principle stating that the joint tenants must have equal rights to possession of the whole property. ...

Tenancy By The Entirety

Type of ownership by husband and wife, recognized in 27 states, in which the rights of the deceased spouse pass to the survivor. It is the same as joi ...

Unity Of Interest

in joint tenancy, the joint tenants must acquire their interest by the same conveyance and the interest must be equal. ...

Unity Of Time

Principle stating that all joint tenants must acquire their interest from the same deed or will. ...

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