Property Ownership
Under Iowa law, a tenancy in common may be terminated by:
AAny one co-owner selling the entire property without consent
BA partition action in Iowa district court✓ Correct
CRecording a new deed by the majority owner
DPaying off the mortgage on the property
Explanation
A tenancy in common can be terminated through a partition action, where a court either divides the property among the co-owners (partition in kind) or orders its sale and division of proceeds (partition by sale).
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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.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Joint TenancyCo-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.
Short SaleA sale of real property where the sale proceeds are less than the outstanding mortgage balance, requiring lender approval.
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