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Jemshah
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Asked: 2022-12-29T04:36:57+00:00 In:

In relation to the law of property, explain four types of tenancy. (8 marks)July 2020

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In relation to the law of property, explain four types of tenancy. (8 marks)July 2020

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    Enlightened
    1. Sole tenancy: One type of tenancy is a sole tenancy, which is a tenancy held by a single individual. A sole tenancy confers exclusive possession and control of the property to the tenant, and the tenant is responsible for all aspects of the property, including maintenance and repairs.
    2. Joint tenancy: A second type of tenancy is a joint tenancy, which is a tenancy held by two or more individuals. A joint tenancy involves shared possession and control of the property, and all tenants are equally responsible for the property. In the event of the death of one tenant, their share of the tenancy is typically passed on to the surviving tenants.
    3. Tenancy in common: A third type of tenancy is a tenancy in common, which is a tenancy held by two or more individuals. A tenancy in common involves shared possession and control of the property, but each tenant has a separate and distinct ownership interest in the property. In the event of the death of one tenant, their share of the tenancy is typically passed on to their heirs or beneficiaries.
    4. Tenancy by the entirety: A fourth type of tenancy is a tenancy by the entirety, which is a tenancy held by a married couple. A tenancy by the entirety involves shared possession and control of the property, and both spouses have equal ownership interests in the property. In the event of the death of one spouse, their share of the tenancy is typically passed on to the surviving spouse.
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