What relationship do tenants in common have with their property shares?

What relationship do tenants in common have with their property shares?

• A. They each must own equal shares
• B. They cannot inherit their shares
• C. Each share is separately transferable
• D. All shares must be sold together

Answer: (C)

Tenants in common enjoy distinct property rights, one of which is that each individual's share of the property is separately transferable. This means that any tenant can sell, transfer, or will away their portion of the property independently without needing the consent of the other co-owners. Such flexibility is a key characteristic of this form of ownership, allowing for individual control over one's share. The arrangement allows for various ownership percentages, meaning that co-tenants might own unequal shares that reflect their contributions or agreements rather than requiring equal ownership, which sets it apart from joint tenancy. Additionally, each tenant can pass on their share to heirs, as there's no restriction on inheritance. Since tenants in common can manage and transfer their ownership independently, the notion of having to sell all shares together is not applicable and does not align with the rights afforded under this ownership structure.

Tenants in common enjoy distinct property rights, one of which is that each individual's share of the property is separately transferable. This means that any tenant can sell, transfer, or will away their portion of the property independently without needing the consent of the other co-owners. Such flexibility is a key characteristic of this form of ownership, allowing for individual control over one's share.

The arrangement allows for various ownership percentages, meaning that co-tenants might own unequal shares that reflect their contributions or agreements rather than requiring equal ownership, which sets it apart from joint tenancy. Additionally, each tenant can pass on their share to heirs, as there's no restriction on inheritance. Since tenants in common can manage and transfer their ownership independently, the notion of having to sell all shares together is not applicable and does not align with the rights afforded under this ownership structure.