Joint tenants and tenants in common

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Related definitions

• Joint tenants Two (or more) co-owners, for example of a house. If one dies, the other automatically becomes sole owner.
• Tenants in common Two or more co-owners each with a distinct share (such as 50/50), usually of land and buildings. When one tenant in common dies, the deceased's share is distributed according to his or her will or by the laws of intestacy.

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