Sentences with phrase «joint tenancy means»

The court confirmed title in joint tenancy means:

By Jennifer Samara Shuber A recent Ontario Superior Court of Justice decision has confirmed that placing a property in joint tenancy means sharing the property equally on... Read more

Not exact matches

For real property, the joint ownership can be joint tenancy, which passes to the survivor on the death of one of the joint owners; or it can be held jointly as tenants in common, which means that on the death of one of the joint owners his or her undivided one - half of the interest is part of the estate of the deceased co-owner.

By those means the joint tenancy had been severed, creating a «tenancy in common» between the husband and now - deceased wife.

Like joint tenancy, this form of ownership means each spouse owns 100 percent of the property and an equal right to possess the home, and provides that when one spouse dies, the surviving spouse automatically becomes the property's sole owner.