Ownership of a property or business that is shared by two or more people or organizations.
the land is in joint ownership
joint ownership can have considerable legal and tax benefits
Example sentencesExamples
- He lost a $20 million arbitration grievance accusing Stone of breaching their joint ownership agreement.
- She said she would advise anyone considering joint ownership to do the same.
- On both occasions he failed to declare a bank account and joint ownership of a property in Bristol.
- In cases of joint ownership, it is important to be clear about the amount of capital each party puts forward and the amount borrowed by each.
- Although nominally the enterprise is under the joint ownership of the government and the people, in reality the government has complete power and authority.
- Joint ownership would allow for a national service, instead of it being controlled by just one cable company.
- He did as his father had suggested and had joint ownership with his brother.
- We have a very clear vision of how we want West Ham United to operate under our joint ownership.
- Joint ownership confers 100% potential ownership on each joint owner.
- He later succumbed to pressure from his lawyers and switched his shares back to joint ownership.