<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/R8HTEJBbwGF5UCcvBsSJKmg">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RMo0rWec8owXGDAYl6PGNG"/>
  <rdfs:label>Joint Tenancy</rdfs:label>
  <skos:altLabel>Equal Share Ownership</skos:altLabel>
  <skos:altLabel>Joint Ownership with Right of Survivorship</skos:altLabel>
  <skos:altLabel>Survivorship Tenancy</skos:altLabel>
  <skos:prefLabel>Joint Ownership</skos:prefLabel>
  <skos: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.</skos:definition>
</owl:Class>