Property Ownership
Montana recognizes which form of co-ownership that includes the right of survivorship?
ATenancy in common
BJoint tenancy✓ Correct
CTenancy by the entirety
DTenancy at will
Explanation
Joint tenancy includes the right of survivorship, meaning when one joint tenant dies, their interest passes automatically to the surviving joint tenant(s), bypassing probate. Montana recognizes joint tenancy.
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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.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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