Joint Tenants
mortgage glossary
This is the owning of land or property by two or more people who are co-owners or "joint tenants".
Each has rights in the whole of the property and is entitled to a share of any money raised from selling it.
The other key point about a joint tenancy is that when one of the joint tenants dies, the ownership of the property automatically passes to the survivor(s), in contrast to property held by 'tenants in common'.
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