Gifford and Harmony Are Not Married to Each Other, but They

question 5

Essay

Gifford and Harmony are not married to each other, but they share the ownership of Idyllic Apartments. When they acquired the apartment building, they agreed in writing that if one dies, the other inherits his or her interest. Are Gifford and Harmony concurrent owners? If so, in what type of concurrent ownership are their rights held? If not, how is their ownership classified? Jocelyn leases an apartment for a one-year term. If Jocelyn moves out before the end of the term, what happens to the leased apartment?

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