Principles of Real EstatePregunta 9 de 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
Explicación
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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