2018 BUS607 Week 6 Discussion 2.docx

Tenancy with the right of survivorship there is no

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tenancy with the right of survivorship, there is no right to survivorship in a tenancy in  common. A tenant in common may also have an unequal share of the common  property. For example, if there are two tenants in common, one could have a two-thirds  share and the other a one-third share of the property. Tenancy by the entirety is an 
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estate held by a husband and wife as a unit. The tenancy by the entirety contains the  right of survivorship. On the death of one spouse, the surviving spouse owns the real  property as a whole. Community property is a concept borrowed from the civil laws of  Spain and France and is found in the states that were founded by the Spanish or the  French. The community property system creates a form of common ownership of  property by the husband and wife similar to that of a partnership. During the marriage,  all property individually or jointly acquired by the husband or wife, other than by gift,  bequest, they hold devise, or descent, as community property. Both husband and wife  own property that is deemed community property equally, and neither can convey the  property without the other’s consent.
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