Real Estate Glossary
Joint Tenancy: An equal undivided ownership of property by two or more persons. Upon death of any owner, the survivor receives the decedent’s interest in the property.
Courtesy of Sonata Realty
Real Estate Glossary |
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| Listed below are brief descriptions of some common terms used in real estate transactions. These are general terms and definitions and are not intended to apply to all possible uses of a term. Please let us know if you have any questions regarding these items. | |
Joint Tenancy: An equal undivided ownership of property by two or more persons. Upon death of any owner, the survivor receives the decedent’s interest in the property. |
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Courtesy of Sonata Realty |
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