Property OwnershipIntermediateDelaware Exam
Under tenancy in common in Delaware, each co-owner:
AMust hold an equal percentage interest
BHas the right of survivorship
CMay hold unequal percentage interests with the right to transfer their shareCorrect
DCannot sell their share without consent of all co-owners
Why May hold unequal percentage interests with the right to transfer their share Is Correct
Answer C: May hold unequal percentage interests with the right to transfer their share
Under tenancy in common, co-owners may hold unequal interests and each co-owner may freely transfer their own share. There is no right of survivorship; a deceased owner's share passes through their estate.
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
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