Under Washington law, which form of co-ownership allows each owner to hold an unequal, separately transferable share with NO right of survivorship?
Correct Answer
A) Tenancy in common
Tenancy in common is the form of co-ownership in Washington where each co-owner holds a distinct, undivided fractional interest that may be unequal in size, can be transferred or devised independently, and carries no right of survivorship. Upon a tenant in common's death, their share passes through their estate rather than automatically to the other co-owners.
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Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
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