Tenancy in common and Joint tenancy are distinguished by
A) probate.
B) the right of survivorship.
C) leasehold interests.
D) legal fees.
E) probate fees.

Question

Quizplus · Accepted Answer

The main difference between tenancy in common and joint tenancy is that joint tenancy includes the right of survivorship, meaning that when one joint tenant dies, their share automatically passes on to the other joint tenants. In tenancy in common, each tenant owns a specific percentage of the property and can pass on their share to their heirs or beneficiaries through probate. Leasehold interests, legal fees, and probate fees can arise in both types of ownership and are not the defining factor in distinguishing the two.

Tenancy in Common and Joint Tenancy Are Distinguished by