Definition
Co-ownership with equal shares and a right of survivorship, passing automatically to surviving owners.
Example
Joint tenancy avoided probate when one owner died, transferring the interest immediately.
Related terms
- Abstract of Title
- Adverse Possession
- Affidavit of Title
- Certificate of Occupancy
- Chain of Title
- Cloud on Title
Frequently asked questions
What does Joint Tenancy mean in real estate?
Co-ownership with equal shares and a right of survivorship, passing automatically to surviving owners.
How is Joint Tenancy used in practice?
Joint tenancy avoided probate when one owner died, transferring the interest immediately.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.