Property Ownership
In New Mexico, which statement about 'tenancy in common' is TRUE?
AAll tenants in common must hold equal shares
BEach tenant in common may hold unequal interests and may transfer or will their share without consent of the other co-tenants✓ Correct
CTenancy in common always includes right of survivorship
DTenants in common may not partition the property
Explanation
Tenancy in common allows co-owners to hold unequal shares (e.g., 60%/40%) and each tenant may freely transfer, mortgage, or devise their interest without the other's consent. There is no right of survivorship — the deceased's share passes by will or intestacy.
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