Joint Ownership

Joint Tenancy - 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 Information

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Identification

Label (rdfs)
Joint Tenancy
Preferred Label
Joint Ownership
Alternative Labels
Equal Share Ownership, Joint Ownership with Right of Survivorship, Survivorship Tenancy
Identifier
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Definition and Examples

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.
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Class Relationships

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Additional Information

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Description
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Deprecated
False

Metadata

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