Property Ownership

In Georgia, two unmarried co-owners each hold an undivided equal interest with the right of survivorship. This is called:

ATenancy in common

BJoint tenancy✓ Correct

CTenancy by the entirety

DCommunity property

Explanation

Joint tenancy is characterized by equal undivided interests and the right of survivorship, meaning when one joint tenant dies, their share passes automatically to the surviving joint tenant(s).

People Also Study

Key Terms to Know

Community Property

In community property states, most property acquired during marriage is owned equally by both spouses, regardless of who paid for it.

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 Common

Co-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.

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).