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

Correct Answer

D) When one joint tenant dies, their interest passes to the survivors by 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 share that they can sell without affecting the others
B
The property must be sold and the proceeds divided equally when any one owner dies
C
Each owner can leave their share to anyone they choose in their will
D
When one joint tenant dies, their interest passes to the survivors by survivorship

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Related Topics & Key Terms

Key Terms:

joint tenancyright of survivorshipco-ownership
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