Virginia Real Estate Exam Practice Question
Co-ownership with inheritance rights is what kind of real property ownership?
Correct Answer: A
Rationale: Co-ownership with inheritance rights refers to a situation where multiple individuals hold title to a property, and upon the death of one co-owner, their share can be passed on to heirs.
Joint tenancy allows for this, as it includes the right of survivorship, where the deceased's share automatically transfers to the surviving co-owners.
Tenancy by the entirety is specific to married couples and does not allow for individual inheritance.
Tenancy in common permits inheritance but lacks the right of survivorship, meaning shares do not automatically pass to co-owners.
Tenancy in severalty signifies sole ownership, eliminating co-ownership altogether.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now