New Jersey Real Estate Practice Exam Practice Question
If a deed creating a tenancy in common does NOT state the fractional interest of each co-owner, it
Correct Answer: B
Rationale: A deed creating a tenancy in common that does not specify fractional interests is not void (A); it remains valid. The law presumes that each co-owner has an equal interest (B) in the absence of specific fractions. Option C is incorrect because determining interests does not require a majority vote; interests are typically equal by default. Option D is also incorrect, as a tenancy in common does not automatically convert to a joint tenancy without explicit intent and the required unities, such as time and title.
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