Maine Real Estate License Practice Exam

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If Lea, Delaney, and Melissa own waterfront property in Oxford as joint tenants, and Melissa dies, who owns the property now?

  1. Lea, Delaney and the State of Maine

  2. Lea, Delaney and Melissa's estate

  3. Lea and Delaney

  4. Lea, Delaney and Melissa

The correct answer is: Lea and Delaney

The ownership structure of joint tenants includes the right of survivorship, which means that when one joint tenant dies, their interest in the property passes directly to the surviving joint tenants rather than to the deceased tenant's estate or heirs. In this scenario, Melissa's death results in her share being divided equally between the remaining joint tenants, Lea and Delaney. Therefore, Lea and Delaney become the sole owners of the property, holding it as joint tenants themselves. This principle underlines the importance of understanding joint tenancy as it significantly impacts property ownership and control. The other options suggest either the involvement of the state or the deceased's estate in ownership, which does not apply in cases of joint tenancy with the right of survivorship.

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