Legal TermsHomebuying Glossary
Joint Tenancy
A way for co-owners to hold equal shares of a property, with automatic inheritance between them.
In plain English
Joint tenancy gives co-owners equal ownership shares with a built-in right of survivorship — meaning if one owner dies, their share automatically passes to the surviving co-owner(s), bypassing probate.
Why it matters
This is a common way for married couples to hold title, but it's worth understanding the inheritance implications before choosing it with any co-buyer.
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