In Michigan, when one joint tenant dies, their interest:
Correct Answer
B) Passes automatically to surviving joint tenants
The right of survivorship in joint tenancy means the deceased tenant's interest automatically passes to the surviving joint tenants.
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Related Topics & Key Terms
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Related Concepts
A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
Community property is a system where property acquired during a marriage is owned equally by both spouses.
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