Definitions for "JOINT TENANTS"
An agreement between joint borrowers where in the event of death, the surviving owner takes ownership of the others share.
equal holding of property between two or more persons. If one party dies the property passes to the other joint tennant.
When two people own a property equally, they are considered to be joint tenants.
Two or more persons to whom land is deeded in such manner that they have one and the same interest, accruing by one and the same conveyance, commencing at one and the same time, and held by one and the same undivided possession.