Question

Melissa, Sonja, and Raziyah own property as joint tenants. Sonja decides to move and sells her interest to Carlos. Which of the following is true?
a. Melissa, Raziyah, and Carlos will own the property as tenants in common
b. Melissa, Raziyah, and Carlos will own the property as joint tenants
c. Melissa and Raziyah will own the property as joint tenants with respect to each other; Carlos will own the property as a tenant in common
d. Carlos only has a life estate; when Sonja dies, her reversionary interest will automatically pass to the remaining joint tenants

Answer 1

Answer:

c. Melissa and Raziyah will own the property as joint tenants with respect to each other; Carlos will own the property as a tenant in common

Explanation:

Joint tenancy occurs when a group of people jointly take title from the same deed of a property. They do not have individual title.

Tenancy in common occurs when different parties own a property together and have different deeds from which they obtain title.

When a joint tenant sells their interest to a third party, the joint tenancy now changes to tenancy in common.

So in the given scenario where Sonja decides to move and sells her interest to Carlos, Carlos becomes a tenant in common.

However Melissa and Raziyah will still own the property as joint tenants with respect to each other.