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added some information on four unities
'''Joint tenancy''' is a form of legal co-ownership of [[property]] (also known as [[survivorship]]). At the death of one co-owner, the surviving co-owner becomes sole owner of the property. Tenancy by the entirety is a special form of joint tenancy between a husband and wife. [[Category:Legal Terms]]
'''Joint tenancy''' is a form of legal co-ownership of [[property]] which typically includes a right to [[survivorship]]). With a right to surivorship, at the death of one co-owner the surviving co-owner becomes sole owner of the property. A joint tenancy is created where the co-owners share "four unities":
*Time - the property must be acquired by the co-owners at the same time.
*Title - each co-owner must acquire the property from the same document.
*Interest - each co-owner must own the same share of the property and with the same restrictions or conditions.
*Possession - each co-owner must have the same right to possess and use the entire property.
Tenancy by the entirety is a special form of joint tenancy between a husband and wife. [[Category:Legal Terms]]