Principles of Real EstateQuestion 9 of 120
A form of co-ownership that includes the right of survivorship, meaning a deceased owner's share passes automatically to the surviving owners, is:
a.Joint tenancy
b.Tenancy in common
c.Ownership in severalty
d.A life estate
Explanation
Joint tenancy includes the right of survivorship, so when one owner dies their interest passes automatically to the surviving joint tenants rather than through probate. It traditionally requires the four unities of time, title, interest, and possession. Tenancy in common, by contrast, has no survivorship right.
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