In what form of ownership can a father and daughter take title to a property in unequal shares?

Study for the Indiana RECP Comprehensive Test. Utilize flashcards and multiple-choice questions, each with hints and explanations. Prepare to ace your exam!

When a property is owned as tenants in common, it allows for owners to hold unequal shares. This means that a father and daughter can own the property in differing proportions, such as one owning 70% and the other owning 30%. Each tenant in common has a distinct share of the property that can be transferred or inherited independently, meaning if one owner passes away, their share can go to their heirs rather than automatically transferring to the other co-owner.

In contrast, joint tenancy with the right of survivorship requires that all owners have equal shares, and the survivor automatically inherits the deceased's share. Tenancy by the entireties is a form of ownership available only to married couples, which also requires equal shares. Ownership in severalty indicates sole ownership, where only one person holds the title to the property without any co-owners involved.

Therefore, tenants in common is the only form of ownership from the options listed that allows for unequal shares among co-owners.

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