Question

Most offers to purchase contracts are received from husband and wife. The being the case, title will pass at one time, by one deed, with a 50%-50% interest, and possession being deemed to be an undivided interest in the entire property. In the absence of any particular type of title taking being designated, Arizona will consider the title to pass as: Select one:

a. Tenants in Common
b. Joint Tenants
c. Community Property
d. Tenants by the Entireties

Answer 1

In Arizona, title passes as Tenants in Common when a husband and wife receive an offer to purchase a property. Both spouses have an equal 50%-50% interest in the property, and possession is deemed to be an undivided interest in the entire property.

Step-by-step explanation:

In Arizona, when a husband and wife receive an offer to purchase a property, the title will pass as Tenants in Common. This means that both spouses will have a 50%-50% interest in the property. Possession of the property will be deemed as an undivided interest in the entire property, meaning both spouses have equal rights to use and enjoy the property. If a specific type of title taking is not designated, Arizona law defaults to Tenants in Common.