Common use of Joint Tenancy Clause in Contracts

Joint Tenancy. If the joint owners hold the Account as tenants in common, they should notify SoFi HK in writing and provide such documentation as SoFi HK may require. Otherwise, SoFi HK is entitled to presume that the joint owners expressly intend to hold as joint tenants with rights of survivorship. In the event of death of any of the joint owners who hold as joint tenants, the surviving joint owner(s) must immediately notify SoFi HK in writing. The entire interest of the deceased in this Agreement and any Account will be automatically vested in the surviving joint owner(s). The estate of the deceased joint owner will have no interest therein, but will together with each surviving joint owner be jointly and severally liable to SoFi HK in respect of all liability incurred prior to the death of the deceased.

Appears in 5 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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