Joint Tenancy
Co-ownership with the right of survivorship that requires the four unities of time, title, interest, and possession.
Joint tenancy is co-ownership in which each owner holds an equal, undivided interest and the right of survivorship. When one joint tenant dies, that share passes automatically to the surviving joint tenants, not to the deceased owner's heirs.
Creating a joint tenancy requires the four unities, often remembered as TTIP: Time (all owners take title at the same time), Title (through the same document), Interest (equal shares), and Possession (equal right to the whole property).
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Property Rights (8% of the exam)
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- Tenancy in Common
The default form of co-ownership in which each owner holds a separate, possibly unequal interest that passes to heirs, with no survivorship.
- Tenancy by the Entireties
A form of co-ownership available only to married couples in Florida that includes survivorship and protection from individual creditors.
This definition is Florida real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.