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My First Home Ltd. | Resources > Glossary
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Glossary

Welcome to the Glossary of Terms page. To find the term you are looking for, please select from the A-Z list by clicking on the letter.
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Joint tenants

This is the owning of land or property by two or more people who are co-owners or ?joint tenants?.

Each has rights in the whole of the property and is entitled to a share of any money raised from selling it. The other key point about a joint tenancy is that when one of the joint tenants dies, the ownership of the property automatically passes to the survivor(s), in contrast to property held by ?tenants in common?.

 
 
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