EstatePass
Property OwnershipTenancy In CommonEASY

Tenants in common may:

Correct Answer

B) Own unequal shares, no survivorship

Tenants in common may hold unequal shares with no right of survivorship.

Answer Options
A
Only own equal shares
B
Own unequal shares, no survivorship
C
Not sell individually
D
Only be married couples

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Property Ownership Question

Sign up free to unlock full analysis

Background Knowledge for Property Ownership

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Property Ownership

Sign up free to unlock full analysis

Common Mistakes to Avoid on Property Ownership Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Related Topics:

default-ownershipjoint tenancysurvivorship

Key Terms:

TICunequalno survivorshipdefault co-ownership

Related Concepts

In a cooperative (co-op), the building is owned by a corporation, and residents purchase shares of stock in the corporation that entitle them to a proprietary lease on a specific unit. Residents are shareholders, not property owners.

Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.

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

Was this explanation helpful?

More Property Ownership Questions

People Also Study

Related Articles

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing