________ Is a Form of Co-Ownership of Real Property That

question 20

Multiple Choice

________ is a form of co-ownership of real property that can be used only by married couples.

• A) Cooperative
• B) Tenancy in common
• C) Joint tenancy
• D) Tenancy by the entirety

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Definitions:

Land

An area of the earth's surface, including its resources and physical environment, which can be owned or used.

Life Estate

An ownership interest in which the holder has the right to possess the property until his or her death.

Waste

The improper use, consumption, or destruction of property, especially in relation to real estate, that significantly reduces its value.

Future Holder

A future holder refers to an entity or individual who will hold a right, position, or property at a future date.