Ken, Barbie, and Skipper owned a property as a joint tenancy. When Skipper moved out of state, she sold her interest to Midge. How is the interest in the property divided after Ken's death?

Prepare for the Delaware Real Estate Test with flashcards and multiple choice questions. Each question provides hints and explanations. Get ready for your exam!

In a joint tenancy, all co-owners have an equal right to the entire property and an equal share of the ownership. A key feature of joint tenancy is the right of survivorship, which means that upon the death of one joint tenant, their interest automatically passes to the surviving joint tenants.

Initially, Ken, Barbie, and Skipper owned the property as joint tenants. When Skipper sold her interest to Midge, the joint tenancy was severed with respect to Skipper's ownership interest. At that point, Ken and Barbie remained as joint tenants, each holding a one-half interest. When Skipper sold her interest to Midge, they became tenants in common since joint tenancy cannot be created or maintained with more than one person and cannot be transferred to a new owner in this way.

When Ken died, his one-half interest in the property went to Barbie due to the right of survivorship, as she was still a surviving joint tenant with Ken. Midge owned the other one-half interest she acquired from Skipper. Therefore, after Ken's death, Barbie owns her original one-half share plus Ken's one-half share, giving her 75% of the property, while Midge retains her 25%, resulting in Barbie owning two-thirds

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