Real Estate Law
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I own commercial property with rights stated as joint tenants in common with rights of survivorship. If one owner is diagnosed with paraniod schizophrenia does this mean incapacitation leaving me control of the commercial property.
No, a property owner's mental illness doesn't result in them giving up their legal rights to any property that they might own. A joint tenancy with rights of survivorship just means that the parties are equal owners of the property and if one of them dies, the survivor becomes the sole owner instantly. But it doesn't have anything to do with an owner's rights while they are still living.
Now if the other owner gave you permission to manage the property before they became mentally ill and medically incompetent, then that permission would continue until they were determined to be mentally competent again.