Ownership


Definition of "Ownership"

Justin Fausett
  MQ & Associates

Person or entity that has title or a right to something which is typically being held. Examples are real property, corporation, and personal property. Ownership of property may be held by one or more people or entities.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Ambiguity

Language in the insurance policy that can be considered unclear or subject to different interpretati ...

Wholesale Lender

A lender that provides loans through mortgage brokers or correspondents. ...

Housing Expenses

All expenses related to maintaining and operating a household. These expenses include the cost of re ...

Health Certificate

Statement submitted to the insurance company to accompany a request for the reinstatement of an insu ...

Pre-Qualification

Same as term Qualification: The process of determining whether a prospective borrower has the abi ...

Tax-exempt Bond

Bond whose interest is free of federal, state, or local tax in the state of the issuer. It is typica ...

Related Real Estate FAQ

What Is Title Insurance?

Title insurance is insurance that protects the lender and buyer against any losses incurred from dis ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

What Is A Lien?

A lien is a claim against a property. ...

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

Getting Ready to Sell? Don't make these DIY Mistakes! Why Right Now is a Good Time for Millennials to Buy a Home 3 tips to ensure your sale goes through Short Sale Homes Mortgage Loan Types

FAQ

How much money can I borrow to buy a home? Do you have any tips to help me manage my investing? What is a counteroffer? What do I need to know about Whole Life Insurance? What are the benefits of Business Owners Insurance?