joint tenant

American  

noun

Law.

1. one of two or more persons who hold property in joint tenancy.

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Example Sentences

If you sold this property while your brother was still a joint tenant, the IRS would treat this as you selling your 50% and your brother selling his 50%, even though he paid no money towards the mortgage or down payment since 1990.

From MarketWatch

“When a joint tenant dies, their share of the property automatically transfers to the surviving owner or owners. Owner A and Owner B share equal ownership of a property. Owner A dies and names a beneficiary for their share of property interest,” Stone & Sallus says.

From MarketWatch

In law, a person is entitled to "succession" of a social housing tenancy if they are deemed a "qualifying person" such as a spouse, joint tenant or a family member.

From BBC

Leaders of the major military branches are about to go public with details of a plan for a joint tenant “bill of rights” for military service members and their families to address widespread complaints.

From Washington Times

If your housemate is a joint tenant and wants to leave during the fixed term, they could find a replacement agreed by you and the landlord.

From BBC