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LSDefine

Simple English definitions for legal terms

joint ownership

Read a random definition: talesman

A quick definition of joint ownership:

Joint ownership means that two or more people own something together. There are four different ways that people can own something together: joint tenancy with rights of survivorship, tenancy by the entirety, tenancy in common, and community property.

A more thorough explanation:

Joint ownership refers to the situation where two or more people own a property together. There are four main types of joint ownership:

For example, John and Jane are married and they own a house together. They have joint ownership of the property as tenants by the entirety. If one of them passes away, the other automatically becomes the sole owner of the property.

Another example is two friends, Tom and Jerry, who decide to buy a vacation home together. They have joint ownership of the property as tenants in common. If one of them wants to sell their share, they can do so without the other's permission.

These examples illustrate how joint ownership can work in different situations and how the type of joint ownership can affect the rights and responsibilities of the owners.

joint liability | joint powers agreement

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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