Joint tenancy definition

Joint tenancy means a form of concurrent ownership of land where two or more persons each posses the land simultaneously and have undivided interest in the land under which upon the death of one owner it is transferred to the surviving owner or owners;

Joint tenancy means ownership of property held under circumstances that entitle one or more owners to the whole of the property on the death of the other owner(s), including, but not limited to, joint tenants with right of survivorship and tenants by the entirety.

Joint tenancy means tenancy by the entirety in jurisdictions where such a tenancy is permitted, and joint tenancy with rights of survivorship if tenancy by the entirety is not recognized or permitted. The intention of the parties is to hold joint property as tenants by the entirety whenever possible.

Examples of Joint tenancy in a sentence

• Joint tenancy is a form of ownership by two or more persons of the same property who share equal ownership of the property and have the equal, undivided right to keep or dispose of the property.

• Joint tenancy property in which the decedent spouse was a tenant, subject to any judgment lien on which execution was issued before the spouse’s death.3. Deferred employment benefits arising from the decedent spouse’s employment.

• Joint tenancy with rights of survivorship means that when one owner dies, the other owner becomes the sole owner of the property.

• Joint tenancy enables a decedent’s interest to pass to the other joint tenant(s) outside of the probate administration of the decedent’s estate.

• Joint tenancy may exist in law and equity, legal title must be held as joint tenants;• tenancy in common with separate shares exists in equity only, advantages and disadvantages of the two types of co- ownership.

More Definitions of Joint tenancy

Joint tenancy means ownership of property held under circumstances that entitle one or more owners to the whole of the property on the death of the other owner(s), including, but not limited to, joint tenancy with right of survi- vorship.

Joint tenancy. If you are joint tenants, the words “you” or “tenant” refer to both tenants but also to either tenant. This is because each of you, as individuals, is responsible for keeping to the terms of the Tenancy Agreement.

Joint tenancy means that two or more persons own an interest in and possession of the entire property. An owner’s portion can be sold. If an owner dies, the ownership passes to the other owner.

Joint tenancy means equal, undivided interst in real property by two or more persons throughout each respective owner's life. Upon the death of an owner, title automatically passes to the surviving owner or owners. An owner may sell his or her interest in the property without the consent of the others, but this will break the joint tenancy and change the property ownership to tenancy in common.

Joint tenancy means equal, undivided interest in real property by two or more individuals throughout each respective owner's life. Upon the death of an owner, title automatically passes to the surviving owner or owners. Owners may sell their interest in the property without the consent of the other owners, but in doing so will break the joint tenancy and leave the new owner as tenancy in common with the remaining owners.

Joint tenancy and "Joint Tenants" means a Tenancy with two or more Tenants, each of whom is jointly and severally liable for the performance of the obligations in, and the discharge of liabilities under or in connection with a Tenancy.

Joint tenancy defined. “Joint Tenancy” means: