In California, three sisters — Anna, Beth, and Carol — own a property as joint tenants. Anna sells her interest to her friend, Dave. What is the resulting ownership structure?
Correct Answer
C) Dave is a tenant in common; Beth and Carol remain joint tenants with each other
When one of three joint tenants sells their interest, the joint tenancy is severed only as to the selling joint tenant's share. Dave becomes a tenant in common for the one-third interest he purchased. However, Beth and Carol's joint tenancy between themselves remains intact because the four unities still exist between them. The result is Dave (1/3 as tenant in common) and Beth + Carol (2/3 as joint tenants between themselves).
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