Tom and Sue are not married. They own a property together. If one of them dies, the other will own the property. They most likely own the property as:

Question

Social Studies

Ahmed Mueller

2 November, 15:43

Tom and Sue are not married. They own a property together. If one of them dies, the other will own the property. They most likely own the property as:

+3

Answers (1)

Know the Answer?

Diego Pearson · Answer 1

Joint Tenancy

Explanation:

Joint tenancy is the legal arrangement in which the two or more people own the property together and each having equal rights and also obligations. When one of owners in the joint tenancy dies and the property passes to survivors without property having to go through courts.

Similarly, in the case of Tom and Sue which owns a property together as a joint tenancy.