Property Ownership
In Louisiana, when property held in co-ownership (indivision) generates rental income, each co-owner:
AReceives equal income regardless of their ownership percentage
BReceives income proportional to their ownership interest in the property✓ Correct
COnly receives income if they manage the property personally
DMust pay the other co-owners' share of expenses
Explanation
In Louisiana co-ownership, income generated by the property is divided proportionally to each co-owner's ownership interest. A co-owner with a 30% interest receives 30% of income and is responsible for 30% of shared expenses.
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