What does Joint Tenancy mean? Read on to discover the definition & meaning of the term Joint Tenancy - to help you better understand the language used in insurance policies.
Joint tenancy means that two or more people own a property. When one of the co-owners dies, their share is passed on to the survivors. The court of law is not consulted when passing on the deceased's share of the property.
We hope the you have a better understanding of the meaning of Joint Tenancy.