Under Connecticut law, when two or more persons hold title to property with equal, undivided interests and the right of survivorship, this form of ownership is best described as:
Correct Answer
B) Joint tenancy
Joint tenancy is characterized by the four unities (time, title, interest, and possession) and includes the right of survivorship, meaning that when one joint tenant dies, their interest automatically passes to the surviving joint tenant(s) without going through probate. Connecticut recognizes joint tenancy and requires clear language of survivorship to create it.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
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