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Rosie and her brother Michael decided recently to purchase an RV together. They both want to use the RV to take their families camping. The
Rosie and her brother Michael decided recently to purchase an RV together. They both want to use the RV to take their families camping. The price of the RV was $10,000. Since Michael expects to use the RV 60% of the time and Rosie 40% of the time, Michael contributed $6,000 and Rosie contributed $4,000. They own an equal interest in the RV. Which type of property titling should they use to reflect their ownership interest?
A. Fee Simple
B. JTWROS
C. Tenancy in Common
D. Tenancy by the Entirety
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