What is Joint Tenancy? | REAL-ESTATE-SALESPERSON Exam Prep

Joint tenancy is a form of property co-ownership where two or more people hold equal, undivided interests with the right of survivorship, meaning when one owner dies, their share automatically passes to the surviving owner(s). 📚 Learn more about Joint Tenancy and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Joint Tenancy definition: https://www.open-exam-prep.com/glossary/joint-tenancy 💡 Exam Tip: Joint tenancy needs 4 unities: TTIP (Time, Title, Interest, Possession). Right of survivorship = bypasses probate! --- #real-estate #examprep #financeexam #real-estate-salesperson