PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
Tenancy in common
Tenancy in common is concurrent ownership in which each co-owner holds a separate undivided interest, interests may be unequal, and no automatic right of survivorship exists.
Property Ownership
Concurrent ownership
Define, distinguish, apply, retrieve
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PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEBuild the complete exam definition
Learn the rule, separate it from the nearest distractor, then apply it to a Georgia fact pattern.
What does Tenancy in common mean?
Tenancy in common is concurrent ownership in which each co-owner holds a separate undivided interest, interests may be unequal, and no automatic right of survivorship exists.
How do you separate the nearest exam answer?
A tenant in common's interest passes by deed, will, or intestacy. A joint tenancy with survivorship passes the deceased owner's interest to the surviving joint tenant or tenants.
What changes or stays the same in Georgia?
Georgia presumes tenancy in common when an instrument names multiple owners unless it expressly creates joint tenancy with survivorship or uses equivalent language.
A deed names Ava with a 70 percent interest and Ben with 30 percent, without survivorship language. They own as tenants in common.
Undivided does not mean equal. Each owner has a right to possess the whole, while economic shares can differ.
Memory cue: Undivided does not mean equal.PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDERetrieve the rule under exam conditions
Answer before reading the explanation. Then explain why every distractor belongs to a different term.
Which statement correctly explains Tenancy in common?
- A
Joint tenancy is concurrent ownership created with the required language and characteristics, commonly including a right of survivorship under which a deceased joint tenant's interest passes to the surviving joint tenant or tenants.
- B
Severalty is ownership of real property by one legal person or entity alone rather than by co-owners.
- C
Tenancy in common is concurrent ownership in which each co-owner holds a separate undivided interest, interests may be unequal, and no automatic right of survivorship exists.
- D
A remainder is a future interest created in a third party that becomes possessory when a prior estate, such as a life estate, naturally ends.
Tenancy in common is correct. Tenancy in common is concurrent ownership in which each co-owner holds a separate undivided interest, interests may be unequal, and no automatic right of survivorship exists. A tenant in common's interest passes by deed, will, or intestacy. A joint tenancy with survivorship passes the deceased owner's interest to the surviving joint tenant or tenants. Georgia presumes tenancy in common when an instrument names multiple owners unless it expressly creates joint tenancy with survivorship or uses equivalent language.
Mark each box only when you can perform the skill without looking.
I can define the term in one precise sentence.
I can separate it from the closest look-alike.
I can explain the Georgia rule or confirm that the national rule applies.
I can answer the practice check and explain every option.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEConnect the term to the wider exam
Use these relationships to move from isolated recall to a connected exam model.
Property Ownership complete lesson
https://www.passgeorgiarealestate.com/study-guide/property-ownership/forms-of-ownership
Official exam administration and content-outline source.
https://test-takers.psiexams.com/api/content/bulletin/4672State-authorized public access to current Georgia statutes, including Title 44 property law.
https://www.lexisnexis.com/hottopics/gacode/Default.asp