A characteristic of a tenancy in common is that:
A) it is a rarely used form of concurrent ownership.
B) each co-owner has an undivided interest in the property and has the right to possession.
C) there is a right of survivorship.
D) All of these.

Question

Quizplus · Accepted Answer

In a tenancy in common, each co-owner indeed has an undivided interest in the property, meaning they each have equal rights to the entire property, and each has the right to possession of the whole property. There is no right of survivorship in a tenancy in common, meaning when one owner dies, their interest in the property can be passed to their heirs or as directed by their will, rather than automatically transferring to the surviving owners. This form of ownership is not rarely used; it is quite common, especially among investors or parties who do not wish for the property to automatically pass to the other owners upon their death.

A Characteristic of a Tenancy in Common Is That