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131
1. Tenancy in common
(default- certainty- easy to determine who gets what)
1. O to A and B
2. Each has an undivided, fractional interest in the property
3. May transfer interest
4. Freely alienable, devisable and descendible
5. Right to use and possess the whole parcel, even if his fractional interest is smaller than the interests of others.
6. When sold – proceeds divided according to proportional share
1. O to A and B
2. Each has an undivided, fractional interest in the property
3. May transfer interest
4. Freely alienable, devisable and descendible
5. Right to use and possess the whole parcel, even if his fractional interest is smaller than the interests of others.
6. When sold – proceeds divided according to proportional share
