Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
Two unmarried persons take title to property together. they don't specify any method of holding title in the deed. their form of ownership will be Tenancy in common
What is Tenancy in common?
One of three forms of concurrent estates is a tenancy in common (TIC) (defined as an estate that has shared ownership, in which each owner owns a share of the property). A joint tenancy and a tenancy by the entirety are the other two forms. A TIC normally does not have a right of survivorship.
Tenancy in common (TIC) is a legal structure in which two or more persons jointly possess real property, such as a building or a plot of land. The main feature of a TIC is that any party can sell their share of the property while retaining the ability to pass on their share to their heirs.
To know more about Tenancy in common follow the link:
https://brainly.com/question/14998321
#SPJ4
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.