Asked by
frankster margonis
on Nov 21, 2024Verified
Valmar and Meline decide to divorce. The marital real property that they owned as tenants by the entirety now becomes ________
A) tenancy in common
B) plain joint tenancy
C) martial property
D) fee simple absolute in Valmar
E) it stays tenants by the entirety
Tenancy in Common
A type of joint ownership of property where each owner holds an undivided interest and rights to the property, but without survivorship rights.
Tenants by the Entirety
A form of joint property ownership available to married couples, where each owns the entire property and rights of survivorship are included.
- Gain an insight into the essence and effects of joint ownership interests in real estate.
Verified Answer
NL
Learning Objectives
- Gain an insight into the essence and effects of joint ownership interests in real estate.