Joint tenancy

Dictionary: 
Ballentine's Law Dictionary

An estate held by two or more persons jointly, so that during the lives of all they are equally entitled to the enjoyment of the land, or its equivalent in rents and profits; but on the death of one, his share vests in the survivor or survivors until there is but one survivor, when the estate is his in severalty. See 135 Ind. 178, 41 Am. St. Rep.. 422, 22 L. R. A. 42, 34 N. E. 999.

Author: 
James A. Ballentine
Publisher: 
The Bobbs-Merrill Company
Year Published: 
1916
Genre: 
Law Dictionary