Direct co-ownership implies that each co-owner holds a titled interest in the property,but without exclusive possession with respect to the other co-owners.Which of the following types of direct co-ownership is considered the closest to the fee simple absolute estate?
A)Tenancy in common
B)Tenancy by the entirety
C)Condominium
D)Partnership

Question

Quizplus · Accepted Answer

Tenancy in common is considered the closest to the fee simple absolute estate because each co-owner has an undivided interest in the property and can transfer or convey their share without the consent of the other co-owners. This means that each co-owner has the right to possess the entire property and is not restricted to a specific portion or unit, unlike in a condominium or a partnership. Tenancy by the entirety is only available to married couples and involves additional rights and protections, making it distinct from fee simple ownership.

Direct Co-Ownership Implies That Each Co-Owner Holds a Titled Interest