Joint tenancy

A concurrent estate or co-tenancy is a concept in property law, particularly derived from the common law of real property, which describes the various ways in which property can be owned by more than one person at a given time. The parties who own property jointly are referred to as co-tenants or joint tenants. Most common-law jurisdictions recognize three kinds of concurrent estate: tenancy in common, joint tenancy with right of survivorship, and tenancy by the entirety. Many jurisdictions simply refer to a joint tenancy with right of survivorship as a joint tenancy, but a few U.S. States treat the phrase joint tenancy as synonymous with a tenancy in common.
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When two or more persons are equally owners of some property. - (read more on Joint tenancy)
  

JOINT TENANCY - A method by which one person mutually holds legal title to property with other persons in such a way that when one of the joint owners dies his share automatically passes to the surviving joint owners by operation of law.

JOINT TENANTS - Two or more persons to whom are granted lands 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.
   

This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.

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Eng: joint tenancy
Urdu: جائیداد کی مُشتَرکَہ مَلکِیَت ۔