Definition: Joint tenancy is a form of co-ownership traditionally associated with equal undivided interests and a right of survivorship when validly created.
Example
Two owners hold under a deed expressly creating a joint tenancy with right of survivorship.
Keep the distinction clear
In Florida, merely naming multiple owners does not create survivorship. Except for estates by the entireties, the instrument must expressly provide it or section 689.15 creates a tenancy in common.
Related terms
Tenant in Common · Right of Survivorship · Unities of Joint Tenancy
Keep studying
Joint Tenancy, Tenancy in Common, Entireties, and Severalty
References: Florida Statutes 689.15: survivorship and co-ownership
Pronunciation (US): joynt TEN-uhn-see (capitals show stress)
Pronunciation reference: Merriam-Webster
Comments
0 comments
Article is closed for comments.