Property Ownership

An Iowa couple owns a home in joint tenancy and divorces. After divorce, what type of ownership do they typically hold?

ACommunity property
BJoint tenancy continues
CTenancy by the entireties
DTenancy in common✓ Correct

Explanation

In Iowa, divorce typically severs a joint tenancy, converting it into a tenancy in common. The parties then each own an undivided interest without right of survivorship.

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