Property Ownership
In Oregon, property owned by a married couple that is titled 'John Smith and Mary Smith, as joint tenants' is held as:
ATenancy by the entirety
BCommunity property
CJoint tenancy with right of survivorship✓ Correct
DTenancy in common
Explanation
When property is explicitly titled 'as joint tenants' in Oregon, it is held as joint tenancy with right of survivorship. The distinction from tenancy by the entirety is that joint tenancy is available to any co-owners, not just married couples, but requires the four unities.
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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.
Community PropertyIn community property states, most property acquired during marriage is owned equally by both spouses, regardless of who paid for it.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
State-Specific Concepts
Community Property
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