Joint tenancy

JOINT TENANCY - A method by which one person mutually holds legal title to property with other persons in such a way that when one of the joint owners dies his share automatically passes to the surviving joint owners by operation of law.

JOINT TENANTS - Two or more persons to whom are granted lands or tenements to hold in fee simple, fee tail, for life, for years or at will. The estate which they thus hold is called an estate in joint tenancy.
   

This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.

When two or more persons are equally owners of some property. - (read more on Joint tenancy)