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Define: Joint Tenancy:

 

Written title naming one or more persons as equal owners (called joint tenants), and upon the death of a joint tenant, the remaining joint tenants take the share of the decreased joint tenancy by right of survivorship, regardless of contrary provisions in a will. Joint tenancy is not favored by courts so creation of joint tenancy generally requires exact language. Example: A, B, and C are joint tenants in Greenacre. A dies. B and C are joint tenant is Greenacre and the heirs of A have no interest in Greenacre. The last one to outlive between B and C takes all of Greenacre.