Joint Tenants in Common

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Joint Tenants in Common

A way for two or more persons to own property together. Joint tenants in common may own equal or unequal shares of the property (but shares are usually equal), and there are no rights of survivorship. That is, when one of the co-owners dies, his/her share of the property becomes part of his/her estate and passes on to heirs. This is an arrangement common in joint business ventures: if two persons own an apartment complex and one of them dies, the decedent's share of the complex passes to his/her beneficiaries and does not pass to the other co-owner.
References in periodicals archive ?
Para expertos en la materia, como Chris Hawkins del JTIC, es poco probable que un grupo yihadista pueda ejecutar una operacion militar de alto impacto con armamento pesado, drones o armas quimicas.
"While the increases in Egypt and Tunisia were both somewhat attributable to the emergence of Islamist militant groups, violent protests following the deposing of President Mohamed Morsi in Egypt accounted for the majority of sub-state violence recorded by JTIC," Henman said.
The JTIC also noted a reemergence of Al-Qaeda in Iraq.
Although attacks in Sub-Saharan Africa increased only slightly in 2013, JTIC found that attacks are becoming more lethal in the region.
We notice that the corresponding EoSs describe satisfactorily only the lower branch of the JTIC. The upper branch and the maximum inversion point are far apart from the observed behaviour.
Both countries are working towards establishing a Joint Trade and Investment Committee (JTIC) which will go a long way towards advancing the bilateral trade between the two countries.
The two countries announced the formation of a Malaysia-Egypt Joint Trade and Investment Committee (JTIC) to promote trade, investment and economic cooperation.