Three friends — Alex, Brian, and Chris — own a vacation cabin in Lake Tahoe, California as tenants in common. Alex owns 50%, Brian owns 30%, and Chris owns 20%. Alex wants to sell his share, but Brian and Chris refuse to agree. What are Alex's options under California law?
Correct Answer
B) Alex can sell his 50% interest to any buyer without Brian's or Chris's consent
Under California law, each tenant in common has the right to independently sell, transfer, or encumber their own interest without the consent of the other co-owners. Alex can freely sell his 50% interest to any willing buyer. The new buyer would then become a tenant in common with Brian and Chris.
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Mike and Susan, registered domestic partners in California, purchase a condominium together. The deed lists them both by name but does not specify the form of ownership. Under California law, how is their property presumed to be held?
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