Two property owners, Ben and Susan, who are not married, own a property together.
Susan actually owns 75% of the property and Bob owns a 25% interest in the property.
Becasue they own the property together and have unequal interests the type of title that they hod is considered to be held as community property.
Is this true or false ?
A. By golly...it's false !!!!
Community property is form of title possession reserved for married couples which considers property acquired during the marriage.
The type of title held by Bob and Susan is called tenancy in common because they each hold an unequal interest in the property.
A joint tenancy would dictate that the owners have equal undivided interests in the property.