{"id":369080,"date":"2016-04-04T10:47:12","date_gmt":"2016-04-04T15:47:12","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/realestate\/buying-a-home\/joint-tenancy-faq.html"},"modified":"2023-09-20T11:04:00","modified_gmt":"2023-09-20T16:04:00","slug":"joint-tenancy-faq","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/realestate\/buying-a-home\/joint-tenancy-faq.html","title":{"rendered":"Joint Tenancy FAQ"},"content":{"rendered":"\n
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Joint Tenancy FAQ<\/h1>\n
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\n By Melissa McCall, J.D.<\/a> | Legally reviewed by Katrina Wilson, Esq.<\/a>\n | Last reviewed\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Joint tenancy is one form of co-ownership. In a joint tenancy, two or more persons, known as the co-owners, own property together. This includes real property. Other forms of co-ownership include tenants-in-common<\/a> and a tenancy by the entirety.<\/p>\r\n

These forms of ownership are not limited to real estate. They apply to other forms of property, including personal property and bank accounts.<\/p>\r\n

This article will explore a few frequently asked questions (FAQ) about joint tenancy.<\/p>\r\n

What is a joint tenancy?\u200b<\/h2>\r\n

A joint tenancy is one way more than one person can jointly own property. Unlike other types of co-ownership, each joint tenant has equal interests and rights of ownership. Although joint tenancies are similar to community property, they are not synonymous.<\/p>\r\n

In states that recognize community property<\/a>, it is a type of ownership limited to married couples.<\/p>\r\n

How is a joint tenancy formed?\u200b<\/h2>\r\n

A joint tenancy requires the presence of four unities in its formation.<\/p>\r\n

The four unities are as follows:<\/p>\r\n