In this subtitle the following terms have the meanings indicated. “Beneficiary” means a person that receives real property under a transfer–on–death deed. “Designated beneficiary” means a person designated to receive real property in a transfer–on–death deed. “Joint owner” means an individual who owns property concurrently with one or more other individuals with a right of survivorship. “Joint owner” includes: A joint tenant; and A tenant by the entirety. “Joint owner” does not include a tenant in common. “Property” means an interest in real property located in the State that is transferable on the death of the owner. “Transferor” means an individual who makes a transfer–on–death deed. “Transfer–on–death deed” means a deed authorized under this subtitle.