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marta [7]
2 years ago
7

simon and jeffrey are a married couple. they had taken title of a condo before they married with simon owning 30% and jeffrey ow

ning 70%. simon dies. simon's share of the condo passes on to his brother kelly. how had simon and jeffrey taken title?
Business
1 answer:
jasenka [17]2 years ago
7 0

The kind of title that Simon and Jeffery had taken is called Tenancy in Common Title.

<h3>What is Tenancy in Common Title?</h3>

Two or more people hold title to real land jointly under tenancy in common (TIC), with equal or uneven amounts of ownership. For example, Sarah may have a 40% stake in a property whereas Bob has a 60% interest.

At the same time, the persons mentioned on the title share all elements of the property. That example, Sarah is not limited to accessing only 40% of the physical property or 40% of the time.

Each owner is entitled to utilize and occupy the entire property. The proportion of interest merely establishes the financial ownership of the property.

Learn more about Property Title:
brainly.com/question/14998321
#SPJ1

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2 years ago
rite a research-based argumentative essay for or against the importance of standing up to an injustice such as bullying.
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Explanation:

Hope this helps! :)

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