Property Ownership
Texas is a community property state. Property acquired by a spouse during marriage is generally classified as:
ASeparate property of the acquiring spouse
BCommunity property owned equally by both spouses✓ Correct
CTenancy in common between the spouses
DJoint tenancy with right of survivorship
Explanation
Texas is one of nine community property states. Property acquired during marriage (other than by gift, devise, or inheritance) is community property owned equally by both spouses regardless of who earned the money.
Related Texas Property Ownership Questions
- Texas Property Code Chapter 5, Subchapter D, protects buyers in 'executory contracts' (contracts for deed, lease-purchase) by requiring sellers to provide:
- Under Texas law, a Texas property deed that is not delivered to the grantee before the grantor's death:
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- A Texas property described as 'Lot 5, Block 3, Sunny Acres Subdivision, as recorded in Volume 42, Page 18 of the Plat Records of Travis County' is using which type of legal description?
- In Texas real estate, a 'covenant running with the land' must meet which requirement to be enforceable against future owners?
- In Texas, the homestead exemption for ad valorem tax purposes allows a homeowner to:
- A Texas property owner grants an easement in gross to a utility company for installing power lines. This easement:
- Under Texas law, a court action to physically divide co-owned real property among the owners is called:
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