A ________ is a form of co-ownership that includes the right of survivorship.
A)tenancy in common
B)joint tenancy
C)cooperative
D)tenancy by the entirety

Question

Quizplus · Accepted Answer

Joint tenancy is a form of co-ownership where each owner has an undivided interest in the property with the right of survivorship. This means that if one owner passes away, their share automatically goes to the surviving owner(s) without going through probate. Tenancy in common (A) is also a form of co-ownership, but it does not include the right of survivorship. Cooperative (C) is a type of ownership in which a corporation owns the entire property, and tenants own shares in the corporation, rather than owning their individual units. Tenancy by the entirety (D) is a form of ownership that is only available to married couples and includes the right of survivorship.

A ________ Is a Form of Co-Ownership That Includes the Right