GA REAL ESTATE TEST CHAPTER 3 QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED.| latest update 2024/25|

GA REAL ESTATE TEST CHAPTER 3 QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. If there is no indication in the deed as to how co owners are taking title, the law presumes the parties intended to own property as - -tenants in common ownership of real estate for such things as schools, roads, parks and military installations - -public ownership A tenancy in common form of ownership entitles each co tenant to - -An equal interest in the land ownership by 1 person or a single entity - -severalty corporations are not allowed to own real estate in real estate in joint tenancy because of - -right of survivorship in the event of death which form of ownership permits the deceased to name an heir - -tenants in common the owners of a limited liability company are card - -members ownership cannot be created by operation of law, but must be created by the parties expressed intent - -joint tenancy corporations, whether public or private, usually hold title to real property - -severalty each owner holds fee simple title to their individual unit - -condominium ownership a partnership a creditor may seek satisfactio