Who owns a property when it is jointly owned?

In California, when a property is jointly owned, it means that two or more people own it together. All owners of a jointly owned property have an equal share in the ownership and each of them has the right to use, sell, or transfer the property. Jointly owned properties are usually owned by spouses, family members, or business partners. When multiple people own the same property, each owner has the right to sell or transfer their interest in the property, but the other owners need to be informed of the decision. The joint owners have a responsibility to consult one another regarding certain decisions and major changes regarding the property. If one joint owner passes away, their rights over the property automatically transfer to the other owners. The other owners can then decide if they want to keep the property or transfer or sell their share of ownership. In conclusion, when a property is jointly owned, all existing owners have an equal right to use, transfer, or sell the property. However, this must be done with mutual agreement among all joint owners. The rights of a joint owner may pass to other owners upon the death of an owner.

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