Property OwnershipIntermediateAlabama Exam

Tenancy in common in Alabama means co-owners:

AHave equal shares and right of survivorship

BMay have unequal shares with no right of survivorshipCorrect

CMust be married to each other

DCannot sell their interest without consent of all co-owners

Why May have unequal shares with no right of survivorship Is Correct

Answer B: May have unequal shares with no right of survivorship

Tenancy in common allows co-owners to hold unequal shares and there is no right of survivorship. Each owner's interest passes to their heirs upon death, not to the other co-owners.

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.

Key Property Ownership Terms in This Question

Tenancy in Common

Co-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.

People Also Study

Key Terms to Know

Tenancy in Common

Co-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.

Joint Tenancy

Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.

Fee Simple

The highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.

Listing Agreement

A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.