Which of the following is true of a joint tenancy?

A) It is created by a corporation or a group of persons.
B) It requires that the tenants be married to each other.
C) Selling of property by a joint tenant leads to creation of a tenancy in common.
D) A joint tenant can sell but not gift his part of the property.

Joint Tenancy

A form of co-ownership where two or more persons hold equal shares of a property with rights of survivorship, meaning when one owner dies, their share automatically passes to the remaining owner(s).

Tenants

Individuals or entities that occupy property or land rented from a landlord and are subject to the terms of a lease.

Tenancy in Common

A form of joint ownership of property in which each owner holds an undivided interest without right of survivorship.