Property Ownership
Two unmarried individuals in New Hampshire purchase a property and each want their interest to pass to their heirs upon death. The best form of co-ownership is:
AJoint tenancy
BTenancy by the entirety
CTenancy in common✓ Correct
DCommunity property
Explanation
Tenancy in common allows co-owners to hold undivided fractional interests that pass to their heirs through their estate. Unlike joint tenancy, there is no right of survivorship.
Related New Hampshire Property Ownership Questions
- New Hampshire uses which system to describe land for legal purposes?
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