Property Ownership

What is 'tenancy in common'?

ACo-ownership where all owners have equal shares and right of survivorship
BCo-ownership where two or more persons hold undivided interests that may be unequal and pass to heirs upon death✓ Correct
COwnership held by a married couple
DOwnership by a corporation

Explanation

Tenancy in common allows multiple owners to hold undivided interests in a property that can be unequal. There is no right of survivorship — each owner's share passes to their heirs or according to their will upon death.

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