Question 6

Property can be owned in unequal portions in tenancy in common.

Tenancy in common allows multiple owners to hold an interest in the property in unequal shares. This means that one co-owner can own a larger percentage of the property while another may own a smaller percentage, unlike other forms of co-ownership.

A) tenancy by the entirety

Tenancy by the entirety is a form of joint ownership specifically for married couples, where each spouse has an equal share of the property. As such, it does not allow for unequal portions, as both parties must own an equal interest.

B) sole proprietorship

Sole proprietorship refers to a business structure owned and run by a single individual. This concept does not apply to property co-ownership, and therefore, it is not relevant to the question regarding unequal ownership.

C) joint tenancy

Joint tenancy is a type of co-ownership where all owners share equal interest in the property and have the right of survivorship. Like tenancy by the entirety, it does not permit unequal portions among co-owners.

D) tenancy in common

Tenancy in common is the correct answer because it explicitly allows for co-owners to hold different percentages of ownership. This flexibility in ownership distribution is a defining characteristic of this type of co-ownership.

Conclusion

Tenancy in common is the only option that permits unequal ownership shares among co-owners, making it the correct answer. Other options, such as tenancy by the entirety and joint tenancy, require equal ownership, while sole proprietorship does not pertain to co-ownership at all. This distinction is crucial for understanding the different types of property ownership structures.