Joint Tenancy:
Ownership of land by two or more persons whereby, on the death of one, the survivor or survivors take the whole estate.
Joint Venture:
An investment project undertaken by a group of investors in which the parties share everything in the projects, including any profits or losses.
Joist:
In architecture and engineering, a joist is one of the horizontal supporting members that run between foundations, walls, or beams to support a ceiling or floor. They may be made of wood, engineered wood, steel, or concrete. Typically, a beam is bigger than a joist and joists are often supported by beams laid out in repetitive patterns.
Judgment:
The decision of the court regarding the rights and liabilities of parties in a legal action or proceeding. In real estate, a judgment is most commonly a lien registered against the lands of a debtor. Once a judgment is registered, any subsequent owner of the land is subject to it.
Judicial Sale:
In real estate, a judicial sale is the sale of property authorized by the courts. It is type of remedy available to a mortgagee when a mortgage is in default. The other common reason for a judicial sale is arrears of property taxes owed to a municipality. Judicial sales are not as often utilized as powers of sale or foreclosures.
Jurisdiction:
Jurisdiction (from the Latin ius, iuris meaning "law" and dicere meaning "to speak") is the practical authority granted to a formally constituted legal body or to a political leader to deal with and make pronouncements on legal matters and, by implication, to administer justice within a defined area of responsibility. The term is also used to denote the geographical area or subject-matter to which such authority applies.
Making the decision to become a homeowner is good decision since buying a home is a great investment in your future. Choosing a home to buy starts with your needs and desires and should process logically until you find something you can afford.
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There's little doubt that Canadians are on the move. Whether moving from an apartment to a house, apartment to apartment or home to home, moving is no simple matter. With careful planning, however, your transition can be facilitated in an organized and efficient manner, allowing you the peace of mind you need to settle into your home.
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