A characteristic of a tenancy in common is that:
A)it is the most frequently 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 the above.
E)Two of the above, (a) and (b).

Question

Quizplus · Accepted Answer

A tenancy in common is a type of concurrent ownership in which each co-owner has an undivided interest in the property and has the right to possession. However, there is no right of survivorship, meaning that if one tenant in common dies, their interest in the property will pass to their heirs, rather than to the remaining co-owners. While it is a common form of concurrent ownership, it is not the most frequently used.

A Characteristic of a Tenancy in Common Is That