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______ owners can sell their property without permission from other owners; _____ owners need to obtain permission for the other owners prior to selling or subleasing.

A. Cooperative; condominium

B. Joint- tendency;tenancy-in-common

C. Condominium; cooperative

D. Tenancy-in-common; joint-tenancy

1 Answer

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Answer: Option D:- Tenancy-in-common; joint-tenancy.

Step-by-step explanation:

Tenancy-in-common is the term refers to the rights of the owner of selling the property by their own will of need. It restrains from communicating the nature of selling nature when uncertain things happened between the members of the Tenancy-in-common. The decision of the sale depends upon the percentage of share owned by members. According to the possession of the hold shares, they need not seek permission from other members.

While the Joint-tenancy act will act accordingly with certain restrictions. Without proper consent from other partners, the specific party cannot sell the property. In this case, all the members possess equal shares of interest. So the sale of one property will obviously affect the viability of other partners' interests.

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