Property Ownership
A Rhode Island property owner holds title as 'tenants in common' with their business partner, each with a 50% undivided interest. If one owner dies, their interest:
AAutomatically passes to the surviving co-owner
BPasses according to the deceased owner's will or intestate succession✓ Correct
CReverts to the state of Rhode Island
DIs held in trust until the property is sold
Explanation
In tenancy in common, there is no right of survivorship. Each owner's interest passes according to their will or the state's intestate succession laws upon death, not automatically to the surviving co-owner.
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