What indicates that a property is held under tenants in common?

Prepare for the Waco Title Insurance Test. Study with flashcards and multiple-choice questions. Each question comes with hints and explanations to help you succeed. Get ready for your exam!

In a tenancy in common, one of the hallmark characteristics is that there is no right of survivorship between the co-owners. This means that when one tenant in common passes away, their share of the property does not automatically transfer to the surviving co-tenants. Instead, the deceased's interest in the property passes to their heirs or according to their will. This form of ownership allows for individuals to separately hold distinct shares and transfer their interests independently without the consent of the other co-tenants.

In contrast, characteristics such as joint ownership and the right of survivorship are indicative of joint tenancies, where co-owners share equal ownership and any deceased owner's interest automatically transfers to the surviving owners. Therefore, the absence of a right of survivorship is what specifically indicates a property is held as tenants in common.

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