Th answer is Tenancy in common.
Each owner's interest passes to the estate of that person upon her death, which is the opposite of a right of survivorship. The owners may hold unequal shares.
What is Tenancy in common?
- Tenants in common (or co-tenants) each own an equal share of a piece of property -- whether it's a house, an apartment building, or other type of real estate.
- This generally means that each co-tenant has an equal right to possess or use the entire property, and that the rent or maintenance costs of the property are shared among the co-tenants according to their ownership interest.
- Each co-tenant also possesses a share in the value of the property as it appreciates.
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