What is a joint tenancy?
A. A joint tenancy is ownership by more than one person or entity. It may between a husband and wife, by two or more friends, or two or more businesses, such as corporations. A joint tenancy between a husband and wife is usually a tenancy by the entireties in which each owns an undivided interest with the survivor acquiring unrestricted title. If the owners are not married, the usual way of holding title is as tenants in common, which may be with or without survivorship rights.
