Property Ownership
In Nevada, what does 'tenancy in common' mean for co-owners of real property?
AAll co-owners hold equal shares and have right of survivorship
BEach co-owner holds an undivided interest that may be unequal, with no right of survivorship — each owner's share passes to their heirs✓ Correct
CCo-owners must be married to hold title this way
DOnly two people can hold property as tenants in common in Nevada
Explanation
Tenancy in common in Nevada allows multiple owners to hold undivided interests that may be unequal percentages. There is no right of survivorship — each owner's interest passes through their estate at death. This is the default form of co-ownership in Nevada when parties are not married and no other form is specified.
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