Carmen,Westbrook,and Ashton are concurrent owners of a large commercial building.Ashton executes a will that leaves all his property to his son in the event of his death.But after Ashton passes away,his ownership interest in the building is acquired by the two remaining tenants of the building.Which of the following kinds of concurrent ownership would allow such a passage of title?
A)a tenancy by the entirety
B)a community property
C)a joint tenancy
D)a tenancy in common

Question

Quizplus · Accepted Answer

In a joint tenancy, when one tenant passes away, their ownership interest automatically passes to the other joint tenant(s) by right of survivorship. Therefore, when Ashton passed away, his ownership interest transferred to the remaining tenants, Westbrook and Carmen, rather than to his son as stated in his will. This is different from a tenancy in common, where each owner's ownership interest can be left to a beneficiary through their will.

Carmen,Westbrook,and Ashton Are Concurrent Owners of a Large Commercial Building