A joint tenancy describes an ownership interest in which the surviving owner has:
A)separate and distinct shares of the same property.
B)the right to sell the property during their lifetime,like any other property interest.
C)the right to deal with the interest in the property during their lifetime,like any other property interest.
D)unequal interest in the property.
E)the right of survivorship.

Question

Quizplus · Accepted Answer

A joint tenancy includes the right of survivorship, meaning that upon the death of one owner, their interest in the property is automatically transferred to the surviving owner(s) without the need for probate. The other options listed are characteristics of other forms of ownership, such as tenancy in common or sole ownership.

A Joint Tenancy Describes an Ownership Interest in Which the Surviving