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Joint Tenants
Joint tenants are co-owners of property under a legal arrangement where each owns an undivided interest, and upon death, the interest automatically transfers to the surviving joint tenant(s).
Survivorship
Survivorship is a legal principle referring to the right of a surviving joint owner to inherit a shared property in its entirety upon the death of the other joint owner(s).
Escheat
The reversion of land to the Crown when a person possessed of the fee dies intestate and without heirs.
Fee Simple
The most complete ownership in property available, giving the holder full control over the land and the buildings upon it.
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