Ontario Real Estate Licensing Exam Practice · Question
Sarah and David purchased a waterfront cottage in Muskoka as joint tenants. If David passes away, what happens to his interest in the property?
In a joint tenancy, the right of survivorship dictates that upon the death of one joint tenant, their interest automatically passes to the surviving joint tenan
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Question: Sarah and David purchased a waterfront cottage in Muskoka as joint tenants. If David passes away, what happens to his interest in the property?
Answer options: ✅ Sarah automatically acquires David's entire interest due to the right of survivorship.
- David's interest will be distributed according to his will or the laws of intestacy.
- Sarah and David's heirs will become tenants in common for David's share.
- The property must be sold, and the proceeds divided between Sarah and David's estate.
Correct answer: Sarah automatically acquires David's entire interest due to the right of survivorship.
Explanation: In a joint tenancy, the right of survivorship dictates that upon the death of one joint tenant, their interest automatically passes to the surviving joint tenant(s), regardless of a will. This is a key characteristic distinguishing it from tenancy in common.
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