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Joint Tenancy: Two or more persons that hold the same parcel of real
property and in fact hold the same interest. Thus, the joint tenants each
own the undivided whole property and all are entitled to possess the whole
property as well. Importantly, an incident involved in joint tenancy is
the right of survivorship, where when one tenant dies, that interest is vested
then in the other joint tenants. A joint tenancy can only arise from a
single instrument at the same time.
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