FACT SCENARIO/QUESTION SET #1:

Fact Scenario: Sisters Bianca and Jade co-own a large luxury single family residence in the Doheny Estates area of Los Angeles, with their father, Mick. These three family members hold title to this property as joint tenants with right of survivorship.

As between themselves and without considering Micks interest, Bianca and Jade deed their interests in the Doheny Estates property to themselves as tenants in common.

Question Set: After Bianca and Jades transfer in this Fact Scenario, what type of co-ownership interest does each person (i.e., Bianca, Jade, Mick) own in the Doheny Estates property? What is the nature of each persons ownership? Answer fully by identifying the percentage of ownership each person has, the nature of that ownership (e.g., joint tenancy, tenancy in common, community property), and the legal basis/explanation for your answer.