Which term refers to the legal right of a survivor to inherit property in a joint tenancy?

Which term refers to the legal right of a survivor to inherit property in a joint tenancy?

• A. Right of use
• B. Right of occupancy
• C. Right of survivorship
• D. Right of assignment

Answer: (C)

The term that refers to the legal right of a survivor to inherit property in a joint tenancy is the "Right of survivorship." This concept is fundamental in joint tenancy arrangements, where two or more individuals hold title to property with equal rights. Upon the death of one joint tenant, the deceased's share automatically passes to the surviving joint tenant(s) without the need for probate. This right ensures that the property remains within the group of surviving tenants and avoids the complications that often arise from inheritance laws and probate procedures. Understanding the right of survivorship is crucial for anyone involved in real estate transactions or joint ownership arrangements, as it impacts how property is transferred and the rights of each party involved. In contrast, the other terms mentioned do not pertain to the specific nature of joint tenancy or inheritance rights following death.

The term that refers to the legal right of a survivor to inherit property in a joint tenancy is the "Right of survivorship." This concept is fundamental in joint tenancy arrangements, where two or more individuals hold title to property with equal rights. Upon the death of one joint tenant, the deceased's share automatically passes to the surviving joint tenant(s) without the need for probate. This right ensures that the property remains within the group of surviving tenants and avoids the complications that often arise from inheritance laws and probate procedures.

Understanding the right of survivorship is crucial for anyone involved in real estate transactions or joint ownership arrangements, as it impacts how property is transferred and the rights of each party involved. In contrast, the other terms mentioned do not pertain to the specific nature of joint tenancy or inheritance rights following death.