Principles of Real EstateQuestion 11 of 120
When two or more people own property as joint tenants with right of survivorship, what happens when one owner dies?
a.The deceased owner's share passes to their heirs by will
b.The property is automatically sold and proceeds split
c.The surviving joint tenants automatically absorb the deceased owner's interest
d.The state takes the deceased owner's share
Explanation
Right of survivorship means a deceased joint tenant's interest passes automatically to the surviving joint tenants, not through probate or a will. This is a defining difference from a tenancy in common.
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