What does Ohio law presume regarding tenants in common?

Prepare for the Ohio CPLTA Eastern States Test. Use flashcards and multiple choice questions with hints and explanations. Get ready for your certification exam!

In Ohio, the presumption regarding tenants in common is that they may hold property together, and particularly, they can be spouses who choose to own property as tenants in common without the rights of survivorship. This means that when one spouse passes away, their share of the property can be transferred according to their will or intestacy laws, rather than automatically going to the surviving spouse. This contrasts with joint tenancy, where the right of survivorship is an inherent feature.

The other options reflect misunderstandings of tenants in common. It's possible for tenants in common to share ownership of multiple properties, not just one, which makes the assumption in the first choice inaccurate. The profits from the property do not have to be divided equally unless there's an agreement to that effect, as tenants in common can hold different ownership percentages. Finally, tenants in common can indeed be landlords, so the assertion that they cannot be landlords is also incorrect. The specific choice that aligns with the legal framework in Ohio regarding tenants in common is that they may be spouses who opt for a tenure that does not include rights of survivorship.

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