Asked by Eugene Dioso on Jul 08, 2024
Verified
Which of the following characterizes a tenancy in common?
A) Each tenant has equal rights to possess and use the property.
B) The tenants must be a married couple.
C) It grants the right of survivorship.
D) Tenants are not allowed to divide the property.
Tenancy In Common
A form of joint ownership of property by two or more persons, where each owner has an undivided interest in the property and is entitled to an equal share of profits, but with no right of survivorship.
Equal Rights
The principle that all people should be treated equally under the law without discrimination.
- Expound on the entitlements and outcomes linked to joint ownership structures, including the concepts of tenancy in common and joint tenancy.
Verified Answer
PS
Pooja SehgalJul 13, 2024
Final Answer :
A
Explanation :
Persons who own property under a tenancy in common have undivided interests in the property and equal rights to possess it.
Learning Objectives
- Expound on the entitlements and outcomes linked to joint ownership structures, including the concepts of tenancy in common and joint tenancy.
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