Property Ownership
In Arkansas, which type of co-ownership includes the right of survivorship?
ATenancy in common
BJoint tenancy
CTenancy by the entirety
DBoth B and C✓ Correct
Explanation
Both joint tenancy and tenancy by the entirety (available only to married couples in states that recognize it) include the right of survivorship, where a deceased co-owner's interest passes automatically to the surviving co-owner(s).
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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).
EasementA non-possessory right to use another person's land for a specific purpose.
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