Joint Tenancy with Right of Survivorship
/ˌdʒɔɪnt ˈtɛnənsi wɪð raɪt ʌv səˈvɪvərʃɪp/
Definitions
- (n.) A form of co-ownership where two or more people hold property jointly with equal rights and the right of survivorship, meaning upon a co-owner's death their share passes automatically to the surviving co-owners.
They bought the house as joint tenants with right of survivorship to ensure smooth transfer of ownership.
Forms
- joint tenancy with right of survivorship
Related terms
See also
Commentary
Careful drafting is required to clearly specify survivorship rights to avoid unintended tenancy in common; often used for estate planning to bypass probate.
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.