joint tenancy


Also found in: Dictionary, Legal, Financial, Wikipedia.

joint tenancy

Ownership of property by two or more persons in which, upon the death of one, his interest devolves upon the other or others until a sole owner survives.
References in periodicals archive ?
A joint tenancy is also not suitable if you have a family from an earlier marriage and wish to leave your interest in the property to them, instead of passing it to the other co-owner.
In the case of any life estate, joint tenancy or tenancy in common, any tenant in occupation of a property is prohibited from destroying the property.
2) The earliest form of concurrent property ownership--joint tenancy--dates back to the early thirteenth century; from the first references, joint tenancy included the hallmarks of the modern estate: undivided interest in the entire estate and the right of survivorship.
For example, adding an unmarried partner's name to a property deed is technically a gift, as is purchasing a home as a joint tenancy.
When two or more people invest in real estate, there are many options for holding title, ranging from joint tenancy to partnerships, LLCs, and other entities.
Miss A is under 35 and lives in a threebedroom property in which she had a joint tenancy with Miss C, both receiving nonresidential floating housing support.
Coast & Country housing has provided a property for young people's charity Coatham House - which supports those in need aged 16 to 25 - to accommodate Kacey O'Malley and Sharlotte Cambage, who will share joint tenancy of the Eston house.
Now he's told Anglesey council he wants his name off the joint tenancy for the house, which was specially adapted for his mobility needs.
It was questionable at common law whether a joint tenancy with right of survivorship or a tenancy by the entirety could be created by a conveyance from the owner to the owner and another.
Under this form of joint tenancy each co-owner has a fractional, divisible interest in the property (i.
In 2006, Dorothy, now remarried, sold those assets for a profit of $100,000 and deposited that money into three accounts held in joint tenancy with her new husband Thomas.
The situation gets muddy in that there are California cases holding that property held in joint tenancy may be "joint tenancy for convenience only" and really community property.
Full browser ?