interest in the property that is equal to the interest of the other joint tenants. For example, four joint tenants of the same property each own one-fourth of the property. With other tenancy types, such as tenants in common, tenants may own unequal percentages of interest in the property....
If these requirements are not met, the arrangement is not a joint tenancy with rights of survivorship; instead, the state will treat it as a tenancy in common. A tenancy in common does not have a right of survivorship – when one owner dies, their ownership interest does not pass to the...
If these requirements are not met, the arrangement is not a joint tenancy with rights of survivorship; instead, the state will treat it as a tenancy in common. A tenancy in common does not have a right of survivorship – when one owner dies, their ownership interest does not pass to the...