Joint tenancy with right of survivorship definition

Joint tenancy with right of survivorship means vehicle own- ership by two or more persons and the deceased joint owner’s interest in the vehicle is transferred to the surviving owners.
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Joint tenancy with right of survivorship means vehicle ownership by two or more persons and the deceased joint owner’s interest in the vehicle is transferred to the surviv- ing owners.
Sample 1Sample 2
Joint tenancy with right of survivorship means ownership by two or more people with a surviving joint tenant’s right to become sole owner.
Sample 1Sample 2

Examples of Joint tenancy with right of survivorship in a sentence

  • Joint tenancy with right of survivorship is a more practical way for a husband and wife to hold the family home, bonds, and bank account.

  • Assets such as bank accounts, real estate, and an automobile may be owned in "joint tenancy." Joint tenancy with right of survivorship means that all of the joint tenants have the right to use the property and to share in the income from the jointly owned property, regardless of who originally purchased or owned the property.

  • Joint tenancy with right of survivorship (“JTWROS”) is defined as follows: When two or more persons hold property as JTWROS [joint tenancy with right of survivorship], title to that property vests equally in those persons during their lifetimes, with sole ownership passing to the survivor at the death of the other joint tenant[s].

  • Joint tenancy with right of survivorship simplifies the administration of an estate.

  • Joint tenancy with right of survivorship, as a form of ownership, is most common among spouses, and, secondly, among parents and children.

  • If a parent and child, for example, own property as joint tenants, then upon the parent’s death the child receives the property without the need and cost of a probate.Joint tenancy is part of what are sometimes called nonprobate transfers on death.3 Joint tenancy with right of survivorship may be the simplest and most efficient way for spouses to own property.

  • Joint tenancy with right of survivorship has sometimes been referred to as a poor person’s will.

  • Joint tenancy with right of survivorship is not recognized in Quebec.

  • In April 2021 the Group signed a long-term partnership agreement with a Techem to provide a research and development programme for a new generation smoke alarm.

  • Trusts, partnership, Joint tenancy with right of survivorship, Insurance contract with payable on death contract.


More Definitions of Joint tenancy with right of survivorship

Joint tenancy with right of survivorship means vehicle ownership by two or more people persons and with the share of a deceased joint tenant owner’s interest in the vehicle going is transferred to the surviving tenant owners.
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Related to Joint tenancy with right of survivorship

  • Tenants means the tenants under the Leases.

  • Tenancy means the lawful occupation of residential real property and includes a lease or sublease.

  • Landlord Parties means Landlord and Property Manager and their respective officers, directors, partners, shareholders, members and employees.

  • Premises Building Partial Damage means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is less than fifty percent (50%) of the then Replacement Cost of the building.

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Access Tandem Switch is a Switch used to connect End Office Switches to interexchange Carrier Switches. Qwest's Access Tandem Switches are also used to connect and switch traffic between and among Central Office Switches within the same LATA and may be used for the exchange of local traffic.

  • Invitees means employees, workers, visitors, guests, customers, suppliers, agents, contractors, representatives, licensees and other invitees.

  • Consent of the Limited Partners means the Consent of a Majority in Interest of the Limited Partners, which Consent shall be obtained prior to the taking of any action for which it is required by this Agreement and may be given or withheld by a Majority in Interest of the Limited Partners, unless otherwise expressly provided herein, in their sole and absolute discretion.

  • Landlord Party or “Landlord Parties” shall mean Landlord, any affiliate of Landlord, Landlord’s managing agents for the Building, each mortgagee (if any), each ground lessor (if any), and each of their respective direct or indirect partners, officers, shareholders, directors, members, trustees, beneficiaries, servants, employees, principals, contractors, licensees, agents or representatives. For the purposes of this Lease, the term “Tenant Party” or “Tenant Parties” shall mean Tenant, any affiliate of Tenant, any permitted subtenant or any other permitted occupant of the Premises, and each of their respective direct or indirect partners, officers, shareholders, directors, members, trustees, beneficiaries, servants, employees, principals, contractors, licensees, agents, invitees or representatives.

  • Tenant’s Personal Property means all motor vehicles, Inventories, FAS and any other tangible personal property of Tenant, if any, acquired by Tenant at its election and with its own funds on and after the date hereof and located at the Leased Property or used in Tenant's business at the Leased Property and all modifications, replacements, alterations and additions to such personal property installed at the expense of Tenant, other than any items included within the definition of Proprietary Information.

  • Major Tenants has the meaning ascribed to such term in Section 7.2.

  • Academic term means a division of the school year during which a course of studies is offered, and includes a semester, quarter, or single consolidated summer term as defined by the institution.

  • industrial premises means any place or premises (not being a private dwelling house), including the precincts thereof, in which or in any part of which any industry, trade, business, occupation or manufacturing is being ordinarily carried on with or without the aid of power and includes a godown attached thereto;

  • Surface owner means any person who holds record title to the surface of the land as an owner.

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Industrial building means a building used for or in connection with,

  • Premises Partial Damage means damage or destruction to the Premises, other than Lessee-Owned Alterations and Utility Installations, the repair cost of which damage or destruction is less than fifty percent (50%) of the then Replacement Cost (as defined in Paragraph 9.1(d)) of the Premises (excluding Lessee-Owned Alterations and Utility Installations and Trade Fixtures) immediately prior to such damage or destruction.

  • Academic year means the period of twelve months beginning on 1st January, 1st April, 1st July or 1st September according to whether the course in question begins in the winter, the spring, the summer or the autumn respectively but if students are required to begin attending the course during August or September and to continue attending through the autumn, the academic year of the course is to be considered to begin in the autumn rather than the summer;

  • Parking space leasing data means the following government data on an application for, or lease of, a parking space: residence address, home telephone number, beginning and ending work hours, place of employment, location of parking space, and work telephone number.

  • Major Damage means damage that in the estimation of the surveyor exceeds USD

  • bicycle parking space – occupant means an area that is equipped with a bicycle rack, locker or bicycle stacker for the purpose of parking and securing bicycles, and:

  • Condominium unit A Single Family Property within a Condominium Project.

  • Parking Lot means a building or land used for the parking or storage of ten or more motorcars or bakkies, or two or more buses or trucks, excluding −

  • Licensees means, collectively, the licensees, sublicensees or distributors under the License Agreements; each a “Licensee”.

  • Height of building means height measured from the abutting road and in case of undulated terrain height can be considered as average of the corresponding ground level. The parapet wall, staircase head room, lift room, water tank are excluded from the height of the building.

  • residential premises means a house, building, structure, shelter, or mobile home, or portion thereof, used as a dwelling, home, residence, or living place by 1 or more human beings. “Residential premises” includes an apartment unit, a boardinghouse, a rooming house, a mobile home, a mobile home space, and a single or multiple family dwelling, but does not include a hotel, a motel, motor home, or other tourist accommodation, when used as a temporary accommodation for guests or tourists, or premises used as the principal place of residence of the owner and rented occasionally during temporary absences including vacation or sabbatical leave.