Houtan Hormozian explains tenants in common, a property ownership structure where owners hold undivided interests rather than specific portions of land. The key distinction: tenants in common don't each own a defined piece, but rather a share of the whole property.
If 4 persons hold title to real property as tenants in common, they: A. Would have the right of survivorship. B. Could not transfer their interest without the consent of the others. C. Would be unable to determine which portion of the land is theirs. D. Must each own a 1/4 interest. The answer is letter C. Tenants in common means each owner holds a specific share of the property. But not a specific area. This is called undivided interest. Even if their shares are unequal, all owners have equal rights to use the entire property. Found this helpful? Please like our post and tag a friend. Contact us through our website or message us right here.
