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Joint Tenancy

Explore joint tenancy in Canadian real estate — how co-ownership works, the benefits of survivorship, and how it affects estate and title planning.

Joint Tenancy

May 22, 2025


What is Joint Tenancy?

Joint tenancy is a form of property co-ownership where two or more individuals hold equal ownership with the right of survivorship.

Why Joint Tenancy Matters in Real Estate

In Canadian real estate, joint tenancy allows property to pass automatically to the surviving owner(s) when one tenant dies, avoiding probate.

Key features of joint tenancy include:
  • Equal ownership shares
  • Right of survivorship
  • Shared responsibility for mortgage and expenses

It is commonly used by spouses or family members. If any owner wishes to sever the joint tenancy, it converts to tenancy-in-common, where the right of survivorship no longer applies.

Understanding joint tenancy helps buyers and co-owners choose the best legal structure for their goals, estate planning, and shared financial obligations.

Example of Joint Tenancy in Action

Two siblings buy a cottage as joint tenants. When one passes away, full ownership automatically transfers to the surviving sibling without court proceedings.

Key Takeaways

  • Provides equal co-ownership.
  • Includes right of survivorship.
  • Common for spouses or family.
  • Avoids probate but limits separate wills.
  • Can be changed to tenancy-in-common.

Related Terms

  • Tenancy-in-Common
  • Right of Survivorship
  • Legal Title
  • Ownership Rights
  • Estate Planning

Additional Terms

Construction Loan

A construction loan is a short-term, interim financing option used to fund the building or major renovation of a property, with funds disbursed in. more

Certificate of Occupancy

A certificate of occupancy is an official document issued by a municipal authority confirming that a building complies with applicable codes and is. more

Bylaw Variance

A bylaw variance is official permission granted by a municipal authority allowing a property owner to deviate from local zoning or building bylaw. more

Absorption Rate

Absorption rate is a metric that measures the rate at which available properties are sold or leased in a specific market over a given period.. more

Corporate Restructuring

Corporate restructuring refers to the reorganization of a company’s operations, assets, or liabilities, often under court supervision, to improve. more

Consumer Proposal

A consumer proposal is a formal, legally binding agreement in Canada between an individual and their creditors to repay a portion of their debt over. more

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