Tenancy in Common may have unequal shares between co-owners.

Tenancy in Common may have unequal shares between co-owners.

• A. Right of survivorship exists
• B. The interests are always equal
• C. Co-owners may have unequal shares
• D. It requires both spouses on deed

Answer: (C)

In tenancy in common, each owner holds an undivided interest in the property, and those interests can be unequal. This means one co-owner can own a larger share (like 60%) while another owns a smaller share (like 40%), yet both retain the right to possess the entire property. There is no right of survivorship in tenancy in common—the deceased owner’s share passes to their heirs or beneficiaries, not to the surviving co-owners. Because survivorship doesn’t apply and shares can vary, saying co-owners may have unequal shares accurately describes tenancy in common. The other statements don’t fit: TIC does not include a right of survivorship, shares do not have to be equal, and there’s no requirement that both spouses be on the deed.

In tenancy in common, each owner holds an undivided interest in the property, and those interests can be unequal. This means one co-owner can own a larger share (like 60%) while another owns a smaller share (like 40%), yet both retain the right to possess the entire property. There is no right of survivorship in tenancy in common—the deceased owner’s share passes to their heirs or beneficiaries, not to the surviving co-owners. Because survivorship doesn’t apply and shares can vary, saying co-owners may have unequal shares accurately describes tenancy in common. The other statements don’t fit: TIC does not include a right of survivorship, shares do not have to be equal, and there’s no requirement that both spouses be on the deed.