Joint tenants


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JOINT TENANTS, estates. Two or more persons to whom are granted land's or tenements to hold in fee simple, fee tail, for life, for years, or at will. 2 Black. Com. 179. The estate which they, thus hold is called an estate in joint tenancy. Vide Estate in joint tenancy; Jus accrescendi; Survivor.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
If a tenant dies, that person's share automatically transfers to the other joint tenant.
The panel ruled that the broker-dealer had "an obligation to disclose to issuers during the redemption process that terminally ill joint tenants were not in fact beneficial owners of the investments, because the hedge fund required them to sign side agreements in which they agreed to give up their ownership rights to the assets in the joint accounts."
"Joint tenants" and "tenants in common" are ways of describing how you own the property: the terms have a different legal meaning to the type of tenant who rents a property from a landlord.
In addition, any bank or brokerage or mutual fund accounts held as JTWROS will be owned by the surviving owner or owners after one of the joint tenants dies.
In order to create a joint tenancy, the joint tenants must possess the four unities: interest, title, time, and possession.
They acquired both houses as joint tenants and held them as joint tenants during the years in issue.
This article examines the effects of owning property as tenants by the entirety, tenants in common, joint tenants with right of survivorship, and with life estates.
When the house was bought, it had been put in both their names as "joint tenants", but it came as "a huge surprise" to Boycott in 2007 that his late partner had converted it into a "tenancy in common" so that she could leave half the property to her heirs.
They should consider buying as tenants in common rather than as joint tenants. By doing so, they are entitled to the share of the property that they started with in the case of separation.
Unfortunately, there is not a clear authority for Jack or anyone else who seeks statutory guidance for calculating the exact amount of a discount for a one-half interest in property held as joint tenants with rights of survivorship.
In general, property is owned outright, as tenants in common, as joint tenants with rights of survivorship, or as community property.

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