Joint


Definition of "Joint"

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.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Annuity Analysis

Includes rate of return, how long the annuity's interest rate is guaranteed, loads (front, middle an ...

Treaty Facility

Facility used to gain access to the reinsurance markets by the captive insurance companies for their ...

Cumulative Liability

Reinsurance: total of the limits of liability of all reinsurance policies that a reinsurer has outst ...

Venture

Buying real property subject to risk. For the high risk undertaken, the expected return is higher. T ...

Comprehensive Glass Insurance

Coverage on an all risks basis for glass breakage, subject to exclusions of war and fire. Thus, if a ...

Grantor Retained Unitrust (grut)

Irrevocable trust into which the grantor places assets and receives in turn a variable amount of inc ...

Related Real Estate FAQ

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

How Much Can I Afford ?

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

What Is A Term?

A term is the length of a loan. ...

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

What Is A Mortgagee?

A morgagee is the lender. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Should you Buy a Home with Cash? What is the Best Time of Year to Buy a Home? How To Choose A Realtor What Must I Disclose When Selling My Home? Home Prices - The Extra Costs

FAQ

What is underwriting? What is a seller takeback? What do I need to know about Group Health Insurance? Should I Pay Points for a Lower Rate? What is the difference between a real estate broker and a real estate agent?