Karen,Kelsey,Rita,and Lizzi own a large commercial building as concurrent owners.They are tenants with the right to survivorship.Lizzi sells a quarter of her interest in the building to Stella.What kind of concurrent ownership exists between Karen,Kelsey,Rita,and Stella?

Question

Quizplus · Accepted Answer

When Lizzi sells a portion of her interest to Stella, the unity of title is broken, converting the joint tenancy into a tenancy in common for Stella's share, because all joint tenants must acquire their interest at the same time.

Karen,Kelsey,Rita,and Lizzi Own a Large Commercial Building as Concurrent Owners