Question

choose the correct answer and explain why. Renee owns property with her sister, Nambia, each sister's...

choose the correct answer and explain why.

Renee owns property with her sister, Nambia, each sister's share would be transferred to her heirs if she were to die. This is:

1-tenancy in common.

2-tenancy in perpetuity.

3-tenancy by the entirety.

4-joint tenancy.

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Answer #1

Tenancy in common.

Reason :

In tenancy in common, the bengiciary is chosen by the owner. In this case, Renee's heir is the beneficiary which means it is a tenancy in common.

In tenancy by the entirety and the joint tenancy the surviving partner gets the share while in tenancy in perpetuity heir gets the shares. But in this case Renee's heirs are getting shares of both the sistses and Nambia's heris aren't. Which means a deliberate transfer incase of death to the Renee's heirs which is a feature of tenancy in common.

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