Joint Tenancy: In a joint tenancy title, there are two or more owners who hold an undivided share in the property. Joint tenancy usually implies a right of survivorship. This means that if one joint owner dies, then the surviving owners retain their undivided share of the property. Some states require joint tenants to expressly state whether a right of survivorship exists
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by Administrator
posted on Monday, May 16, 2016 |
