Difference Between A Joint Tenant And Tenants In Common

What Is The Difference Between A Joint Tenant And Tenants In Common ?
Posted 8 months ago  | 
General Legal,Landlord/Tenant
General Legal Landlord/Tenant

2 Answer(s)

Legistify
Advocate

Joint tenants obtain equal shares at the same time whereas tenants in common have different ownership rights.

One of the main differences between the two types of shared ownership is what happens to the property when one of the owners dies. When a property is owned by joint tenants, the interest of a deceased owner automatically gets transferred to the remaining surviving owners.

Legistify
Advocate

The basis distinction between joint tenants and tenants in common is that in case of joint tenants there is unity of title and possession, while in the case of tenants in common, though there is a unity of possession there no unity of title.