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Robert, Susan, and David purchase an investment property in Orlando as tenants in common. Robert owns 50%, Susan owns 30%, and David owns 20%. David wants to sell his interest to his nephew. What must happen under Florida law?

Correct Answer

D) David can freely sell his 20% interest to his nephew without restrictions

Correct: D - David can freely sell his 20% interest to his nephew without restrictions. As a tenant in common, David has the absolute right to sell, transfer, or encumber his interest without consent from the other co-tenants. Why not A: This option is incorrect because "David must offer his interest to Robert and Susan first (right of first refusal)" does not match the rule tested by the question. The correct answer is "David can freely sell his 20% interest to his nephew without restrictions". As a tenant in common, David has the absolute right to sell, transfer, or encumber his interest without consent from the other co-tenants. Why not B: This option is incorrect because "David must obtain written consent from Robert and Susan before selling" does not match the rule tested by the question. The correct answer is "David can freely sell his 20% interest to his nephew without restrictions". As a tenant in common, David has the absolute right to sell, transfer, or encumber his interest without consent from the other co-tenants. Why not C: This option is incorrect because "David must sell to all co-tenants proportionally or not at all" does not match the rule tested by the question. The correct answer is "David can freely sell his 20% interest to his nephew without restrictions". As a tenant in common, David has the absolute right to sell, transfer, or encumber his interest without consent from the other co-tenants.

Answer Options
A
David must offer his interest to Robert and Susan first (right of first refusal)
B
David must obtain written consent from Robert and Susan before selling
C
David must sell to all co-tenants proportionally or not at all
D
David can freely sell his 20% interest to his nephew without restrictions

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Related Topics & Key Terms

Key Terms:

tenancy_in_commontransfer_rightsco_ownershipunilateral_transfer

Related Concepts

Community property is a system where property acquired during a marriage is owned equally by both spouses.

A freehold estate represents ownership of real property with an indefinite duration.

Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.

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