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What is the effect of joint tenancy on property ownership in South Australia?

Correct Answer

B) On death of one joint tenant, their share automatically passes to the surviving joint tenant(s) by right of survivorship

Joint tenancy includes the right of survivorship, meaning when one joint tenant dies, their interest automatically passes to the surviving joint tenant(s), regardless of any will provisions.

Answer Options
A
Each owner holds a distinct and separate share that can be independently sold
B
On death of one joint tenant, their share automatically passes to the surviving joint tenant(s) by right of survivorship
C
Each owner can bequeath their share in their will
D
The property must be sold and proceeds divided equally upon the death of any owner

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Related Topics & Key Terms

Key Terms:

joint tenancyright of survivorshipco-ownership
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