The arrangement where one joint tenant's share of the property passes to surviving joint tenants is known as what?

Prepare for the Pennsylvania Title Insurance Test with interactive flashcards and multiple choice questions, each with hints and explanations. Ready yourself for the title insurance exam!

The arrangement where one joint tenant's share of the property passes to the surviving joint tenants is known as the Right of Survivorship. This legal principle is a fundamental characteristic of joint tenancy. When a joint tenant dies, their ownership interest in the property does not go through probate and is not passed according to a will or intestacy laws. Instead, the deceased tenant's share automatically transfers to the remaining joint tenants. This feature promotes the continuity of ownership among the surviving joint tenants and ensures that the property remains within the same group of owners.

The other options do not correctly describe this arrangement. Involuntary Alienation refers to property being transferred against the owner's wishes, often through legal processes such as foreclosure. Abandonment relates to the relinquishment of property rights, often without a transfer of ownership, which is unrelated to the concept of joint tenancy. A trust involves the management of property by one party for the benefit of another, which also does not apply to the transfer of shares in a joint tenancy. Thus, the Right of Survivorship is the correct term for the passing of ownership among joint tenants.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy