Tenancy in Common allows co-owners to?

Tenancy in Common allows co-owners to?

• A. Hold separate, transferable shares
• B. Right of survivorship applies
• C. Requires unity of title
• D. Each co-owner may dispose of their own shares independently

Answer: (D)

Tenancy in common means each owner holds a distinct, undivided interest in the property and can deal with their own interest independently. The important point is that there is no right of survivorship—the death of one co-owner does not bring their share to the others; it passes to that owner’s estate or heirs. That independence to dispose of one’s own share is the hallmark of TIC, which is why the statement that each co-owner may dispose of their own shares independently is the best fit. The other ideas don’t match TIC as well: the right of survivorship belongs to a joint tenancy, not TIC; unity of title is a feature often associated with joint tenancy (where all owners must have come by the same title at the same time), whereas TIC allows different times of acquisition; and while TIC involves each owner holding a share, phrasing it as “separate, transferable shares” can be misleading since the interests are undivided in the property, even though each owner’s share can be transferred.

Tenancy in common means each owner holds a distinct, undivided interest in the property and can deal with their own interest independently. The important point is that there is no right of survivorship—the death of one co-owner does not bring their share to the others; it passes to that owner’s estate or heirs. That independence to dispose of one’s own share is the hallmark of TIC, which is why the statement that each co-owner may dispose of their own shares independently is the best fit.

The other ideas don’t match TIC as well: the right of survivorship belongs to a joint tenancy, not TIC; unity of title is a feature often associated with joint tenancy (where all owners must have come by the same title at the same time), whereas TIC allows different times of acquisition; and while TIC involves each owner holding a share, phrasing it as “separate, transferable shares” can be misleading since the interests are undivided in the property, even though each owner’s share can be transferred.