In a Tenancy in Common arrangement, how is the ownership of the property characterized?

In a Tenancy in Common arrangement, ownership of the property is characterized by the fact that multiple owners hold the title to the entire property collectively, rather than having designated segments or sections for each owner. Each owner has an equal right to use and enjoy the property, regardless of the percentage of ownership they may have. This means if one owner has a 50% share and another has 25%, both have equal rights to the whole property, not just their respective shares. This arrangement promotes the idea of undivided interests, where each owner can utilize the property as they see fit, making option B the accurate representation of this ownership structure.

Other choices imply limitations or restrictions that do not align with the fundamental characteristics of Tenancy in Common. For example, one owner holding complete rights or covenants limiting use are not elements of this particular form of co-ownership. Additionally, requiring agreement for any property use doesn't reflect the independent rights of each owner to manage their share within the framework of shared ownership.