joint tenancy

Frequency: 7.815.1 per million words

A form of ownership by two or more people, where the property automatically passes to the survivors upon the death of one.

tenancyADJECTIVE + TENANCY

Categories:

joint

Examples (10)

  • They decided to hold the property under a joint tenancy.
  • With a joint tenancy, the surviving owner automatically inherits the share.
  • The couple established a joint tenancy for their new home.
  • Estate planning often involves considering a joint tenancy for shared assets.
  • Under a joint tenancy, all owners have equal rights to the property.
  • Converting to a joint tenancy can simplify inheritance after death.
  • Many married couples prefer a joint tenancy for their primary residence.
  • The lawyer explained the implications of a joint tenancy to the clients.
  • A key feature of joint tenancy is the right of survivorship.
  • They chose a joint tenancy to ensure their child would inherit directly.