JOINT TENANTS

When two or more persons to whom are granted land’s or tenements to hold in fee simple, fee tail, for life, for years, or at will. The estate which they, thus hold is called an estate in joint tenancy. Two people share a property as joint tenants and, when one owner dies, the other owner or owners automatically own the share of the deceased party. Common between spouses where the death of one spouse quickly will transfer the ownership interest in the whole to the surviving spouse.