<P> A concurrent estate or co-tenancy is a concept in property law which describes the various ways in which property is owned by more than one person at a time . If more than one person owns the same property , they are referred to as co-owners . If more than one person leases the same property , they are called co-tenants or joint tenants . Most common law jurisdictions recognize tenancies in common and joint tenancies , and some also recognize tenancies by the entirety . Many jurisdictions refer to a joint tenancy as a joint tenancy with right of survivorship , and a few U.S. states treat the phrase joint tenancy as synonymous with a tenancy in common . </P>
what does joint tenancy mean in real estate
If more than one person leases the same property