Hernando County Real Estate Glossary of Real Estate Terms
Welcome to my Glossary of Real Estate Terms Page
provided by:
Hernando County Real Estate Agent Chris Frantz of Exit Success Realty. Looking for a home or selling you home in Hernando County Florida. Are you confused and overwhelmed by real estate terms and words? Every person working in real estate or planning to buy or sell real estate can benefit by using my real estate glossary. This glossary of real estate terms is one for your use. Please use this as a resource to become comfortable with real estate terms.
A B C D E F G H I JK L
M N O P Q R S T UV WXYZ
Jalousie window - A window that consists of vertical rows of horizontal glass slats that operates together by a crank mechanism that connects all the slats.
Joint and several liability - A situation in which more than one party is liable to repay a debt or obligation and a creditor can obtain compensation from one or more parties, either individually or jointly, whichever he chooses.
Joint liability - The responsibility of two or more people to fulfill the terms of a home loan or debt.
Joint venture - The joining of two or more people in a specific business enterprise such as the development of a condominium project or a shopping center.
Joist - A floor or ceiling support member supported by foundation walls, piers or beams. Subflooring is connected to floor joists.
Judgment - The decision of a court or law. If a court decides that a person must repay a debt, a lien may be placed against that person's property.
Judgment lien - A lien binding on all the real estate of a judgment debtor and giving the holder of the judgment a right to levy (i.e. to seize) the land for satisfaction of the judgment.
Jumbo mortgage - Loans that exceed limits set by Fannie Mae and Freddie Mac.
Jurisdiction - The authority or power to act, such as the authority of a court to hear and render a decision that binds both parties.
Just compensation - An amount of compensation to be received by a party for the taking of property under the power of eminent domain.
Kit home - A structure that contains prefabricated components and is put together by a contractor.
Knee wall - A wall like structure that supports roof rafters. like structure that supports roof rafters.
Knob and tube wiring - An old-fashioned wiring system that has been replaced by fuses and circuit breakers fashioned wiring system that has been replaced by fuses and circuit breakers
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr
Spring Hill, FL 34609
Hernando County
352.~686.~2222 Office
352.~442.~3158 Cell
Exit Success Realty
While great care and research was undertaken to provide accurate explanations and definitions for all of real estate terms and words in our real estate glossary, cannot be 100% accurate in all jurisdictions. The definitions are for general purposes only and should not be used for legal purposes. We disclaim any responsibility for any liability, loss or risk that may be claimed or incurred as a consequence of using this information. We hope you benefit from using our concise online real estate dictionary.