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Samantha and Fanny are long time friends and want to open small business together. The havefound a small house they are considering buying together to
Samantha and Fanny are long time friends and want to open small business together. The havefound a small house they are considering buying together to host the business. Samantha has morecapital saved and therefore would be contributing about 70% of the money for the down paymentwith Fanny contributing the rest. They were told they should purchase the home as tenancy incommon. If they move forward with that plan, what is an important consideration for them both?A) Tenancy in common is only allowed as 50/50 ownership, which could lead to an unfair deal forSamantha who will be contributing more.B) Either owner would require the others permission in order to sell their respective share of theproperty.C) If Samantha dies she can pass her ownership to someone other than Fanny.D) Fanny would have a lower percentage of ownership, and hence would not have the same right toaccess the property as Samantha
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