Joint Tenancy
Co-ownership with the right of survivorship that requires the four unities of time, title, interest, and possession.
Quick flashcard
What does Joint Tenancy mean on the Texas real estate exam?
Answer: Co-ownership with the right of survivorship that requires the four unities of time, title, interest, and possession.
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Joint Tenancy definition
Joint tenancy is co-ownership in which each owner holds an equal, undivided interest and the right of survivorship. When one joint tenant dies, that share passes automatically to the surviving joint tenants, not to the deceased owner's heirs.
Creating a joint tenancy requires the four unities, often remembered as TTIP: Time (all owners take title at the same time), Title (through the same document), Interest (equal shares), and Possession (equal right to the whole property).
Source basis
Definition checked against the official sources below on .
On the exam
Exam trap
Tested in
Ownership & Title (9 of 80 National)
From definition to recall
See this term inside a real exam question.
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