Chapter 11

partition

A division of real or personal property or the proceeds therefrom among co-owners.

Right of survivorship

The right of a surviving tenant or tenants to succeed to the entire interest of the deceased tenant; the distinguishing feature of a joint tenancy.

joint tenancy

Two or more natural persons own that comes with a special benefit called the right of survivorship. Undivided ownership of a property interest by two or more persons each of whom has a right to an equal share in the interest and a right of survivorship, i.e., the right to share equally with other surviving joint tenants in the interest of a deceased joint tenant.

Each spouse in a community property has equal rights to which of the following

alienation management Testamentary disposition

tenacy in common

an ownership of realty by two or more persons, each of whom has an undivided interest, without the "right of survivorship"

Undivided ownership of a property interest by two or more persons each of whom has a right to an equal share in the interest and a right of survivorship is known as

joint tenancy

Severalty Ownership

owned by one person only, sole owner

real property can be owned in which of the following forms

severalty co-ownership in trust

community property

Property acquired by husband and/or wife during a marriage when not acquired as the separate property of either spouse. Each spouse had equal rights of management, alienation, and testamentary disposition of community property.

When someone is the sole owner of a property, they are said to have this type of ownership

severalty ownership

which of the following is an example of co-ownership

tenancy in common joint tenancy community property