Joint tenancy is a situation in which property is owned by two or more persons.
The property enjoys all the properties of a single proprietor.
It is characterized by the “four unities” i.e.
- Unity of title
- Unity of possession
- Unity of interest
- Unity of time
It is also characterized by the right of survivorship i.e. jus accrescendi i.e. proprietary rights of a deceased proprietor devolves upon the survivors.
(Visited 107 times, 1 visits today)
Share this:
