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What is a Joint Tenants form of ownership in real estate?

April 26, 2017form Joint ownership Real Estate tenants

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What is a Joint Tenants form of ownership in real estate?

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Joint Tenants (with Rights of Survivorship) or Joint Tenancy is a form of co-ownership of real property in which property is owned by two or more persons at the same time in equal shares. Each joint owner has an undivided right to possess the whole property and a proportionate right of equal ownership interest. When one joint tenant dies, his/her interest automatically passes on to the surviving joint tenant(s). Back to the top.