Asked by Amanda Jones on Jul 15, 2024
Verified
When people have a tenancy in common and one of them dies, his or her share in the property goes to the survivor.
Tenancy In Common
Ownership of land by two or more people with equal, undivided interests in it.
Survivor
An individual who remains alive after an event in which others have died, or the person remaining after others have left or been removed from a situation.
- Recognize the mechanisms for transferring or modifying property interests.
Verified Answer
CJ
Courtland JamesJul 17, 2024
Final Answer :
False
Explanation :
In a tenancy in common, when one owner dies, their share in the property passes according to their will or the laws of intestacy, not automatically to the surviving owner(s).
Learning Objectives
- Recognize the mechanisms for transferring or modifying property interests.