Joint ownership
Term · Law · MLC-T-LAW-002819
A form of property ownership where two or more individuals hold title to the same asset, such as real estate or a bank account. The specific type of joint ownership, such as joint tenancy or tenancy in common, determines the rights of survivorship and the ability to transfer interests. This arrangement is common for married couples or business partners.
| Identifier | MLC-T-LAW-002819 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002819",
"term": "Joint ownership",
"field": "Law",
"definition": "A form of property ownership where two or more individuals hold title to the same asset, such as real estate or a bank account. The specific type of joint ownership, such as joint tenancy or tenancy in common, determines the rights of survivorship and the ability to transfer interests. This arrangement is common for married couples or business partners.",
"url": "https://mlchart.com/terminology/law/joint-ownership/"
}
Record 2,754 of 5,445 in Law terminology (MLC-0107). Request the full dataset.