joint tenancy

American  

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.

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Example Sentences

You did one thing correctly: Joint tenancy with the right of survivorship is the most common form of ownership for married couples and co-investors, like your brother and your good self, who want to make sure that half of the property does not end up in the hands of a third party.

From MarketWatch

Joint tenancy with the right of survivorship gives all owners an equal share of the property and does not allow one owner to add another person to the deed.

From MarketWatch

Here is the harsh and unvarnished truth: Joint tenancy comes with survivorship rights.

From MarketWatch

Joint tenancy comes with automatic survivorship rights.

From MarketWatch

That would involve obtaining a copy of each property’s deed to see who is listed; records of how each property was acquired and whether they bought during marriage or not, and with marital or separate funds; whether properties were held as joint tenancy with right of survivorship or tenants in common.

From MarketWatch