JOINT TENANCY


1. An equal undivided ownership interest of a property by two or more natural persons each of whom has the right called the right of survivorship upon the death of one joint tenant to the automatic succession of the title of the deceased tenant.
2. An estate owned by two or more parties in equal shares that is created by a single transfer document. Upon the death of a joint tenant the surviving joint tenants take the entire decedentís share of the property so nothing passes to the heirs of the deceased.