right of survivorship
Definition
Legal right by which the last surviving tenant (joint-tenant) automatically acquires sole and absolute ownership of an entire property. It applies to joint-tenancy agreements where two or more individuals have identical ownership interests in a property, and is designed to prevent the heir(s) or deceased joint-tenant(s) from making any claim(s) against the property.
right of survivorship is in the Corporate, Commercial, & General Law and Real Estate & Buildings subjects.
right of survivorship appears in the definitions of the following terms: tenancy in common, tenancy by the entirety and joint tenancy
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