In Arizona, tenants in common differ from joint tenants in that tenants in common:
Why May hold unequal shares and their interest passes by will or intestacy Is Correct
Answer C: May hold unequal shares and their interest passes by will or intestacy
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.
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Key Terms to Know
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.
Tenancy in CommonCo-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.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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