In joint tenancy, when one tenant defaults, what happens regarding the title to the property?

In joint tenancy, when one tenant defaults, the situation regarding the property title typically favors the surviving tenant. One of the key characteristics of joint tenancy is the right of survivorship, which means that if one tenant dies or defaults, the surviving tenant automatically acquires their interest in the property. This happens without needing to go through a lengthy legal process or auction, which could complicate matters.

In the context of the choices presented, the surviving tenant retains their rights to the property even if there are unpaid liens on the property. This means they can take title without having to pay off those liens at the moment the default occurs. This aspect emphasizes the legal protection joint tenants have regarding the continuity of ownership despite the financial troubles one tenant may face.

This ability to take title without addressing any unfunded or unforeseen liens underscores the nature of joint tenancy and the survivorship rights that come with it. In situations where one joint tenant defaults, the remaining tenant's ownership rights remain intact, solidifying their claim to the property in a straightforward manner, providing a level of security and assurance in real estate ownership situations.