Property Ownership
In North Carolina, which of the following is a characteristic of tenancy in common?
AAll tenants must hold equal shares
BRight of survivorship exists among all co-owners
CEach co-owner holds an undivided interest that can be separately transferred✓ Correct
DOnly available to married couples
Explanation
In tenancy in common, each co-owner holds an undivided fractional interest in the property that can be sold, mortgaged, or devised independently. Shares may be unequal and there is no right of survivorship.
Related North Carolina Property Ownership Questions
- Under the NC Condominium Act (Chapter 47C), owners of condominium units own:
- In NC, the 'doctrine of merger' in real estate means that when a buyer receives the deed at closing:
- In NC, what happens to a joint tenancy when one joint tenant sells their interest to a third party?
- In NC, the 'curtilage' of a property refers to:
- Under NC law, the doctrine of 'constructive notice through possession' means that:
- In NC, a 'special warranty deed' provides the grantee with warranty protection only against:
- A 'fixture' in NC real estate is personal property that has become real property by being permanently attached to the land or building. To determine if an item is a fixture, courts look at all EXCEPT:
- A 'warranty of habitability' implied in NC residential leases means the landlord warrants that:
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →