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Concurrent Ownership: Match the situations below with the appropriate tenancy. 1. Tenancy in Common 2. Joint Tenancy 3. Tenancy by the Entirety - Mike and

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Concurrent Ownership: Match the situations below with the appropriate tenancy. 1. Tenancy in Common 2. Joint Tenancy 3. Tenancy by the Entirety - Mike and Matt buy an office building together. They each have 50% ownership. The law views Mike and Matt as one owner, 50 if Matt decides to sell his share of the office property to Roger, the type of ownership will automatically change. - Joe and Sam buy a duplex together. Joe contributes 75% and therefore has a 75% interest in the property, where Sam's interest is 25%. - Jane and Jack are husband and wife and buy a small investment property together. Because of the type of ownership, neither one alone can transfer their interest in the property to a third party

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