Definitions for "joint ownership"
Related Terms:
Tenants in common, Joint tenancy, Joint tenants, Tenancy in common, Co-ownership, Joint tenancy with right of survivorship, Tenants-in-common, Joint property, Tenancy-in-common, Co-tenancy, Joint tenants with rights of survivorship, Tenant in common, Right of survivorship, Tenancy in severalty, Concurrent ownership, Severalty ownership, Survivorship, Cotenancy, Sole ownership, Unity of possession, Tenancy by entirety, Undivided interest, Tenancy by the entirety, Tenancy by the entireties, Severalty, Joint tenants with right of survivorship, Jtwros, Tenants by the entirety, Tenancy, Fee simple, Tenure in land, Tenure, Fee simple estate, Escheat, Fee simple ownership, Life estate, Vesting, Freehold, Freeholder, Vest, Seisin, Owner, Seizin, Reversion, Fee, Right of ingress, Fee simple absolute, Feuhold, Servitude, Estate
Situation in which two or more people share ownership of property, securities, or rights.
People use joint ownership of property for many purposes. Joint ownership can have positive or negative effects on access to jointly owned property. Your decision should be based on your trust in the person with whom you hold joint ownership and your needs and intentions with regard to your property.
The interest that two or more parties have in a property.
A way to hold property together. If two or more people own property jointly then when one of them dies, the property automatically passes to the surviving joint tenant(s) and does not become part of the deceased person's estate and is not controlled by their will. The other way two or more people can own property is as Tenants in Common. This is like each person owning a distinct share of the property. Property that is held as tenants in common becomes part of a deceased person's estate and is distributed in accordance with their will.
Ownership that occurs when two or more people own the same property. The death of a joint owner immediately transfers ownership to the surviving joint owner(s).
When two or more parties own the same property.
Joint ownership, used for a variety of purposes, can have positive or negative effects on access to jointly owned property. Your decision to hold property jointly should be based on your trust in the person with whom you hold joint ownership, and your needs and intentions with regard to the property. Back to top of this page
A contractual method for financing large facilities (usually generating plants) whereby two or more companies share all costs from the outset, both capital and expenses and, in turn, share the output or benefits in proportion to their investment. For example, MGE owns Columbia jointly with Alliant Utilities-WPL.
Equal ownership by two or more people, who have the right of survivorship.
When two or more persons own the same asset.
A general term describing ownership by two or more parties.... read full article
also called joint tenancy, this phrase refers to ownership of property by two or more persons, generally with right of survivorship (upon the death of one owner, the surviving owner or owners assume ownership).
Many properties are in the joint ownership of couples married or otherwise.
Legal title shared by 2 or more persons or entities. Such as joint tenancy, tenancy in common and community property.
The ownership of property by two or more people, usually with the right of survivorship.
Any arrangement through which title to an asset is shared by more than one owner. (See "Joint Tenancy," "Tenancy-by-the-Entirety," "Tenancy-in-Common.")
The common ownership of real or personal property by two or more persons. The persons involved are either joint tenants or tenants in common.
Equal ownership of property by two or more people. In the event of the death of one of the owners, title passes to the survivor (or survivors in equal amounts).
Where two or more people own an asset jointly, in equal or unequal shares.
Also called joint ownership with right of survivorship or joint tenancy; when two or more persons own the same property; death of a joint owner immediately transfers ownership to the surviving joint owners; different from tenancy-in-common (see below).
two or more people, including a couple, owning a property together.
Equal ownership by two or more people with right of survivorship if one of the group dies.
Ownership of real estate with two or more individuals having equal ownership with, upon the death of one owner, the property is transferred to the survivor.
An ownership interest held by more two or more parties in which each has the authority to sell, lease, transfer, encumber, or otherwise manage or deal with the item as if they were the sole owner.