FOLIO Ontology

Joint Tenancy

IRI:
https://folio.openlegalstandard.org/R8HTEJBbwGF5UCcvBsSJKmg
Preferred Label Joint Ownership
Alternative Labels
Equal Share Ownership Joint Ownership with Right of Survivorship Survivorship Tenancy

Definition

Joint Tenancy is a form of concurrent ownership where two or more individuals hold equal shares in a property with the right of survivorship. This means that upon the death of one joint tenant, their share automatically passes to the surviving joint tenants.

Class Relationships

Parent(s)

Is Defined By

N/A

See Also

None

Children 0

  • None

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

None

Description

None

Notes

  • None

Editorial Information

History Note

None

Editorial Note

None

Identifier

N/A

Deprecated

No

Source and Origin

No source or origin information available