Asked by Courtney Gardner on May 08, 2024
Verified
When one tenant in common dies, that party's interest in the property automatically passes to the surviving owners.
Tenant in Common
A form of joint ownership of property where each owner has an undivided interest, and there is no right of survivorship.
Surviving Owners
Surviving Owners refers to individuals who continue to possess ownership rights in a property or asset after the death or withdrawal of other co-owners.
- Achieve comprehension of the concept of property rights and interests, detailing the spectrum of ownership and forms of tenancies.
Verified Answer
ER
Etzer Renel PotauMay 11, 2024
Final Answer :
False
Explanation :
In a tenancy in common, when one tenant dies, their interest in the property passes to their heirs or as directed by their will, not automatically to the surviving owners.
Learning Objectives
- Achieve comprehension of the concept of property rights and interests, detailing the spectrum of ownership and forms of tenancies.