joint tenancy

noun

Law.

1. a holding of property, either real or personal, by two or more persons with each sharing the undivided interest, the entire tenancy passing to the survivor or survivors.

Example Sentences

With joint tenancy with right of survivorship, they would each own an equal 100% share of this property, and if one of them died, the other would assume full ownership.

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The bill includes provisions allowing the government to use unclaimed deposits to fund support for private tenants, and allowing a single joint tenant to end a joint tenancy.

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However, campaigners have warned the "joint tenancy loophole" means that, in many flat-shares, landlords are free to increase the rent by as much as they want when one person leaves.

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Make sure you understand the differences between joint tenancy and tenants-in-common.

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There are a few common ways to handle the title like sole ownership, joint tenancy, and tenancy in common.

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