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 | Athens, GA |
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| Temp: | 72 °F |
| Humidity: | 60 % |
| Visibility: | Unlimited
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| Wind: | 9 mph |
| Direction: | E |
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Athens GA Condos | Abbreviations, Terms and Phrases
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joint tenancy
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A way for two or more people to share ownership
of real estate or other property. When two or more people own property
as joint tenants and one owner dies, the other owners automatically own
the deceased owner's share. For example, if a parent and child own a house
as joint tenants and the parent dies, the child automatically becomes full
owner. Because of this right of survivorship, no will is required to transfer
the property; it goes directly to the surviving joint tenants without
the delay and costs of probate. Contrast with tenancy
in common.
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judgment
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The official and authentic decision of a court
of justice concerning the respective rights and claims of the parties to
an action or suit.
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Athens GA Condo Listings