# Joint Tenancy

**IRI:** https://folio.openlegalstandard.org/R8HTEJBbwGF5UCcvBsSJKmg

## Labels

**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.

## Sub Class Of

- https://folio.openlegalstandard.org/RMo0rWec8owXGDAYl6PGNG

**Deprecated:** False