In Arizona, a property owned by a married couple that is titled 'John and Jane Smith, husband and wife' without further language is presumed to be:
Why Community property Is Correct
Answer B: Community property
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
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.
Community PropertyIn community property states, most property acquired during marriage is owned equally by both spouses, regardless of who paid for it.
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- Arizona allows married couples to hold title as 'community property with right of survivorship.' The primary advantage of this form of ownership is:Property Ownership
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- In Arizona, when a married couple holds title as 'community property with right of survivorship,' what happens when one spouse dies?Property Ownership
- Which form of co-ownership in Arizona requires all owners to have equal shares and includes the right of survivorship?Property Ownership
Key Terms to Know
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.
Community PropertyIn community property states, most property acquired during marriage is owned equally by both spouses, regardless of who paid for it.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
State-Specific Concepts
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