Real Estate Law
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A and B hold title as grantee in fee simple. Are they joint owners each with a 50% interest?
This depends on what the actual deed says as that controls the type of ownership....joint tenants or tenants in common.
So you would have to actually read the deed to see if the words "joint tenants" or "joint tenancy with right of survivorship" or something similar is used. If there is nothing in the deed that states this, then they are tenants in common and each of them owns 50% of the property and their interest would pass down to their heirs if they died.