Property Ownership
A Virginia property owner holds title as a tenant in common with two others, each owning an equal share. One owner dies. What happens to that owner's share?
AIt passes equally to the surviving co-owners by right of survivorship
BIt passes to the deceased owner's heirs or according to their will✓ Correct
CIt reverts to the state of Virginia
DIt must be sold and proceeds distributed among all owners
Explanation
In tenancy in common, there is no right of survivorship. A deceased tenant in common's interest passes according to their will or Virginia intestacy laws, not automatically to the other co-owners.
Related Virginia Property Ownership Questions
- In Virginia, a lis pendens recorded against a property:
- Under Virginia law, a fee simple defeasible estate differs from a fee simple absolute in that:
- In Virginia, a property owner may convey a remainder interest to a third party by deed while retaining a:
- Virginia's land patent history means early land ownership was granted by:
- Which type of property description would most likely be used for a Virginia waterfront lot on the Chesapeake Bay?
- In Virginia, an easement that is personal and does not run with the land is called:
- Virginia's homestead exemption allows a homeowner to exempt how much equity from unsecured creditors?
- The Virginia Condominium Act requires that a purchaser of a resale condominium unit receive a resale certificate. How many days does the buyer have to void the contract after receipt?
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →