The type of concurrent ownership involves the deceased tenant's interest passing to his or her estate is a:
A)Joint tenancy.
B)Tenancy in common.
C)Tenancy by the entirety.
D)Community property.

Question

Quizplus · Accepted Answer

Tenancy in common is the type of concurrent ownership where each co-owner has a separate and distinct interest in the property, and upon the death of one co-owner, their share passes to their estate rather than to the other co-owners. Joint tenancy and tenancy by the entirety both involve the right of survivorship, where the deceased co-owner's share automatically passes to the surviving co-owner(s). Community property is a form of ownership that only applies in certain states and involves property acquired during a marriage being owned equally by both spouses.

The Type of Concurrent Ownership Involves the Deceased Tenant's Interest