Michigan Real Estate Exam Practice Question
In creating a tenancy in common, which is NOT true?
Correct Answer: B
Rationale: In a tenancy in common, each co-owner holds an individual share of the property that may not be equal, meaning it is not presumed that each has an equal interest (A is true). This arrangement allows for varying ownership percentages among co-owners. Additionally, a tenancy in common cannot automatically convert into a joint tenancy (B is false), as these are distinct forms of ownership with different characteristics, particularly regarding the right of survivorship. Therefore, the assertion that a tenancy in common can become a joint tenancy is incorrect.
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