Legal Question in Real Estate Law in Colorado
What does right of survivorship and tenants is common mean
What does right of survivorship and tenants in common mean?
Asked on 10/04/00, 12:01 am
1 Answer from Attorneys
Charles Aspinwall
Charles S. Aspinwall, J.D., LLC
Re: What does right of survivorship and tenants is common mean
When A and B own real estate jointly, when one dies the other automatically becomes the sole owner. That is the right of the survivor.
When A, B, and C own real estate together as tenants in common, each owns an undivided 1/3 interest in it. There is no limit to the number of tenants in common who may own a single piece of ground.
Answered on 11/01/00, 3:19 pm