Question

A _____ occurs when two or more people own property such that when one owner dies,...

A _____ occurs when two or more people own property such that when one owner dies, that owner's interest in the property passes to a person named in the deceased's will.​

a.

​tenancy by default

b.

​tenancy in common

c.

​tenancy by the entirety

d.

​public tenancy

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Answer #1

Option b - tenancy in common

A tenancy in common occurs when two or more people own property such that when one owner dies, that owner's interest in the property passes to a person named in the deceased's will.

Tenancy in common is a type of ownership of real property by two or more parties where each party holds an individual, undivided ownership of the property. This means that when one owner in the tenancy in common dies, that owner's share does not get transferred to the other owners of the real property but instead the deceased owner's share gets transferred to the person who is named in the deceased person's will.

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