The owner of a undivided interest in land with no rights of survivorship owns it by:
Severalty is ownership by one person or entity. Joint tenancy is co-ownership with the right of survivorship, while tenancy in common is co-ownership without the right of survivorship.
An undivided interest in land is a type of ownership where two or more individuals own a piece of land together as co-owners, without dividing the land into separate portions or parcels. Each co-owner has the right to use and enjoy the entire property, but each one only owns a portion or share of the property.
When co-owners of an undivided interest in land do not have any rights of survivorship, it means that if one co-owner dies, their portion of the property will not automatically transfer to the other co-owners. Instead, it will pass to the deceased co-owner’s heirs or beneficiaries through their estate.
Therefore, the owner of an undivided interest in land with no rights of survivorship owns it as a tenant in common. A tenant in common is an individual who co-owns a property with one or more persons, where each tenant in common has a distinct and separate interest in the property. Each tenant in common has equal rights to possess, use, and enjoy the entire property, but each one only owns a specific share of the property. If one tenant in common dies, their share of the property passes to their heirs or beneficiaries, rather than to the surviving co-owners.
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