Listen to a Business English Dialogue About Joint tenancy
Savannah: Hi Brian, have you ever heard of “joint tenancy” in real estate?
Brian: Hey Savannah, yes, it’s a form of property ownership where two or more people own equal shares of the property, with the right of survivorship.
Savannah: Ah, I see. So, if one owner passes away, their share automatically goes to the surviving owner(s)?
Brian: Exactly, Savannah. It’s a common way for couples or family members to own property together while ensuring a smooth transfer of ownership in the event of death.