Which of the following statements about ownership interests is true?
A)In a joint tenancy,the cotenant's consent is not required to transfer one's interests.
B)Tenancy by the entirety does not include the right of survivorship.
C)Tenancy in common describes an ownership interest in which the surviving owner has the right of survivorship.
D)Joint tenancy describes an ownership interest in which both owners have an undivided interest in the property and equal rights of possession.
E)Cotenants in a tenancy in common have the unilateral right to transfer their interests in property.

Question

Quizplus · Accepted Answer

Cotenants in a tenancy in common have the unilateral right to transfer their interests in property. In a joint tenancy, the consent of all cotenants is required to transfer any interest in the property. Tenancy by the entirety includes the right of survivorship between spouses, while tenancy in common does not provide for rights of survivorship. Joint tenancy also includes the right of survivorship between co-owners.

Which of the Following Statements About Ownership Interests Is True