Carlos and Diana purchase a vacation cabin in Teton County, Wyoming as tenants in common, with Carlos owning a 60% interest and Diana owning a 40% interest. Carlos later decides to sell his share. Which statement best describes Carlos's rights under Wyoming law?
Correct Answer
A) Carlos may sell his 60% interest without Diana's consent, and the buyer becomes a co-owner with Diana.
Under tenancy in common, each co-owner holds a separate, undivided interest that is freely alienable — meaning it can be sold, mortgaged, or transferred without the consent of other co-owners. Carlos may sell his 60% interest to a third party, who then becomes a tenant in common with Diana.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Riparian rights concern properties bordering flowing bodies of water (rivers, streams), while littoral rights concern properties bordering non-flowing bodies of water (lakes, oceans).
The bundle of rights describes the rights associated with property ownership, allowing owners to use, control, enjoy, exclude others from, and dispose of the property.
Community property is a form of ownership recognized in certain states where property acquired during marriage is considered equally owned by both spouses, regardless of who earned the money or whose name is on the title.
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