Hi Richard I believe you will find this applies to anything which is jointly owned, i.e. Bank Account, Mortgage, Property & etc. 1. Tenants in Common means on the death of either party the survivor automatically becomes the sole owner of the entire asset. Or if more than 2 people then the deceased share is split between the remaining parties. 2. Joint Tenants means that on the death of either party the deceased person's share can be passed on to another person , in a will for example. Hope that makes sense David