Question

If two persons wish to hold title to real property as tenants in common, it is always essential that?

1) they each have equal, undivided interests.
2) the duration of their respective tenancies be for identical periods of time.
3) interests be acquired at the same time.
4) enjoy equal rights of possession.

Answer 1

In order to hold title to real property as tenants in common, it is essential that the two persons each have equal, undivided interests.

Step-by-step explanation:

In order for two persons to hold title to real property as tenants in common, it is essential that they each have equal, undivided interests. This means that they each own a share of the property, but the shares do not have to be equal in size. For example, one person might own a 30% share while the other owns a 70% share. The important thing is that the shares are undivided, meaning that both persons have the right to possess the entire property.