Joint tenancy
In Real Estate law, joint tenancy is a special form of ownership by two or more persons of the same property. The individuals, who are called joint tenants, share equal ownership of the property and have the equal, undivided right to keep or dispose of the property. Joint tenancy creates a Right of Survivorship.
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the holding of an estate or property jointly by two or more parties, the share of each passing to the other or others on death.
