Which form of ownership creates a shared ownership where each owner has an undivided interest that passes to heirs?

Which form of ownership creates a shared ownership where each owner has an undivided interest that passes to heirs?

• A. Tenancy by the Entirety
• B. Joint Tenancy
• C. Tenancy in Common
• D. Tenancy in Severalty

Answer: (C)

Tenancy in common is the form of ownership where two or more people own property together with an undivided right to possess the whole property, but each person holds a separate, transferable interest that may be equal or unequal. A key feature is that there is no right of survivorship, so when an owner dies, that owner’s interest passes to their heirs or devisees rather than to the surviving co-owners. This combination of undivided possession and transfer to heirs matches the description in the question. The other forms involve survivorship or sole ownership: tenancy by the entirety is for married couples with survivorship; joint tenancy includes survivorship; tenancy in severalty is sole ownership.

Tenancy in common is the form of ownership where two or more people own property together with an undivided right to possess the whole property, but each person holds a separate, transferable interest that may be equal or unequal. A key feature is that there is no right of survivorship, so when an owner dies, that owner’s interest passes to their heirs or devisees rather than to the surviving co-owners. This combination of undivided possession and transfer to heirs matches the description in the question. The other forms involve survivorship or sole ownership: tenancy by the entirety is for married couples with survivorship; joint tenancy includes survivorship; tenancy in severalty is sole ownership.