Business, 29.01.2020 06:48 zlyzoh

Which one of the following types of ownership termination allows each tenant to have a specific, divided portion (partition) of the property exclusively?

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The type of ownership termination that allows each tenant to have a specific divided portion of the property exclusively is the termination of joint tenancy.

A joint tenant may sell his or her share of the property. However, because the required four unities do not exist, the buyer of that share does not become a joint tenant.

Because the new buyer did not receive the title at the same time as the other tenants, the timeliness of the property has been disrupted. As a result, the new owner is a joint tenant.

The remaining tenants continue to be joint tenants, sharing the right of longevity. As a tenant in common, the new buyer has an inheritable share.

To know more about the tyes of ownership termination, refer to the link below:

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Answer from: Sebs1

Termination of Co-ownership by Partition

Explanation:

After intestate succession partakes in possession by a set of people, they become tenants in general . she does not, then when she goes, her share transfers to her descendants.

Each tenant in common may terminate his or her co-ownership by a legislative action termed a partition. In a partition action, the judge will attempt to physically split the estate among the co-owners in percentage to their corresponding additional shares.

Answer from: Quest

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Answer from: Quest

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Which one of the following types of ownership termination allows each tenant to have a specific, div...