Identify a correct statement regarding joint tenants.
A) Joint tenants do not have the right of survivorship.
B) Joint tenants must have equal ownership shares.
C) The property of joint tenants is owned through fee simple absolute and fee simple defeasible.
D) If one of the joint tenants dies, the remaining tenant is allowed to take ownership of only his or her share.
E) Joint tenants cannot force the separation of concurrent ownerships like the tenants in common.

Question

Quizplus · Accepted Answer

In both joint tenancy and tenancy in common, the property interest is undivided, but the tenants in common can own different shares of the resource (e.g., two-thirds and one-third), whereas the joint tenants must have equal ownership shares (e.g., one-half and one-half).

Identify a Correct Statement Regarding Joint Tenants