Property Ownership

In Georgia, property held as 'tenancy in common' means each co-owner:

AA. Has a right of survivorship when another co-owner dies

BB. Owns an undivided interest and can transfer their share independently✓ Correct

CC. Must obtain all co-owners' consent to sell their share

DD. Always owns equal shares

Explanation

Tenants in common each own an undivided interest in the whole property and can sell, transfer, or encumber their share independently. There is no right of survivorship — a co-owner's share passes to their heirs, not to the surviving co-owners.

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.

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

Easement

A non-possessory right to use another person's land for a specific purpose.