joint ownership

Definition of "joint ownership"
  1. Shared control of a property by two or more individuals, typically allowing for the right of survivorship
How to use "joint ownership" in a sentence
  1. Mary and John bought their house under joint ownership, so when one passes away, the other becomes the sole owner.
  2. Under joint ownership, both siblings have equal rights to their parents' vacation house.
  3. Upon their marriage, Jake and Lisa decided to convert the ownership of their house to joint ownership.

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