Property Ownership
In Alaska, a 'survivorship deed' is most closely associated with which type of co-ownership?
ATenancy in common
BJoint tenancy✓ Correct
CCooperative ownership
DTimeshare
Explanation
A survivorship deed establishes joint tenancy with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenant(s) by operation of law.
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Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
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