Property Ownership, Transfer of Title & Land Use 14.1

Question 1

The title is vested as?

Answer 1

ne natural or one legal “person/entity”, like a corporation.

Question 2

Tenancy in Common is for?

Answer 2

Two or more natural or legal owners

Question 3

With Tenancy in common: 1

Answer 3

Each owner holds an undivided fractional interest and they share the unity of possession.

Question 4

With Tenancy in common: 2

Answer 4

Any of the owners can convey their share of the property but they cannot convey the entire property without the consent and engagement of the other co-owners.

Question 5

With Tenancy in common: 3

Answer 5

There is no inherent right of survivorship meaning that if one of the co-owners dies, their portion of the property does not automatically convey to the remaining co-owner.

Question 6

Example of Tenancy in common

Answer 6

Surviving co-owners; unless they are named in the will or are the heirs as there is not a Right of Inheritance with Tenancy in Common.