Joint Tenancy
/ˌdʒɔɪnt ˈtɛnənsi/
Definitions
- (n.) A form of co-ownership where two or more persons hold equal interests in property with a right of survivorship.
Upon the death of one joint tenant, the property automatically passes to the surviving joint tenants.
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Commentary
Joint tenancy requires the four unities: time, title, interest, and possession, and is often used in estate planning to ensure automatic transfer on death.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.