Concurrent holders of equal shares in an estate without a right of survivorship are referred to as
A) remaindermen.
B) joint tenants.
C) tenants in common.
D) lessees.
E) lessors.

Question

Quizplus · Accepted Answer

Tenants in common are concurrent holders of equal shares in an estate without a right of survivorship, meaning that each tenant has their own separate share of the property that they can sell or transfer without the consent of the other tenants. When one tenant in common dies, their share of the property will pass to their heirs or beneficiaries according to their will or state law, rather than automatically transferring to the surviving tenants as in the case of joint tenancy.

Concurrent Holders of Equal Shares in an Estate Without a Right