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Property rights and titleSubject 3 of 19

Tenancy in common

Concurrent ownership in which each co-owner holds an undivided interest without an automatic right of survivorship.

Direct answer

What does Tenancy in common mean?

Concurrent ownership in which each co-owner holds an undivided interest without an automatic right of survivorship.

Exam cue: Shares may be unequal, and an owner's interest generally passes through that owner's estate.

What does it look like in a question?

New York example

Two investors own 70 percent and 30 percent interests in the same building.

Common exam trap

What should you not confuse it with?

Do not assume every co-ownership includes survivorship.

Sources used2 references with section locators

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