easy · National Real Estate Exam property-ownership
Three investors buy a property as tenants in common, with one owning 50% and the other two owning 25% each.
What is true about this ownership if one owner dies?
- The other two owners automatically split the deceased owner's share.
- The property is automatically dissolved and returned to the original seller.
- The deceased owner's share passes to their heirs, not to the other co-owners.
- All owners must have equal shares, so the 50% share is not valid.
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