Property Ownership
Two unmarried people purchase a property together with equal, undivided interests and the right of survivorship. They hold title as:
ATenants in common
BJoint tenants✓ Correct
CCommunity property
DTenancy by the entirety
Explanation
Joint tenancy includes the right of survivorship — when one owner dies, their interest passes automatically to the surviving co-owner(s) without going through probate.
Related Arkansas Property Ownership Questions
- Which of the following actions would sever a joint tenancy?
- Which of the following is typically considered personal property (not a fixture) in a real estate sale?
- A life estate grants the life tenant the right to use and enjoy property:
- Which of the following is a voluntary alienation of title?
- Which of the four unities (TTIP) is required for joint tenancy but NOT required for tenancy in common?
- A month-to-month tenancy (estate from period to period) automatically renews unless:
- A timeshare ownership gives the owner the right to:
- Which of the following would typically be considered a fixture (real property) rather than personal property?
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