Joint Tenancy
Direct definition
A form of co-ownership with equal shares and a right of survivorship.
Written by the Vabasso Mortgage Editorial Team · Reviewed against agency and federal sources · Read our editorial policy for how we research and review mortgage content
Plain-English explanation
When one joint tenant dies, their share passes automatically to the surviving tenants, bypassing probate.
Why it matters
It affects estate planning and how ownership transfers on death.
Where you may see it
- Deed
- County records
A real-world example
Two siblings own a home as joint tenants; when one dies, the other automatically owns 100%.
Educational and illustrative only
A common misunderstanding
Joint tenancy is not the same as tenancy in common — joint tenancy includes a right of survivorship that automatically passes a share to co-owners.
Ask Vabasso AI
This glossary provides general educational information. Mortgage terminology, qualification methods, forms, timelines, fees, program rules, and legal meanings may vary by lender, investor, loan program, property, occupancy, state, and transaction. Definitions do not represent loan approval, legal advice, tax advice, or a commitment to lend.
- Author
- Vabasso Mortgage Editorial Team
- Reviewed by
- Vabasso Mortgage Licensed Advisory Team
- Last reviewed
- July 30, 2026