Aron and Breezy own a house in Chicago as joint tenants.Aron sells his ownership rights in the house to Dillon.Breezy and Dillon own the condo as
A)community property owners.
B)joint tenants.
C)owners in fee simple absolute.
D)tenants in common.

Question

Quizplus · Accepted Answer

Joint tenancy requires all owners to have an equal ownership interest in the property, and if any owner sells their interest, the joint tenancy is terminated. Since Aron sold his ownership rights, the joint tenancy is terminated, and Breezy and Dillon now own the property as tenants in common. The other options (community property owners and owners in fee simple absolute) are not applicable in this scenario.

Aron and Breezy Own a House in Chicago as Joint