How do Vonda Lee and William likely hold title to their house purchased in 2003?

Vonda Lee and William most likely hold title to their house as tenants in common, which is characterized by each owner having a distinct, albeit undivided, interest in the property. This means that both Vonda Lee and William can possess and share usage of the entire property even if their ownership interests differ in size.

In a tenancy in common, each co-owner has the ability to transfer their share of the property without needing the consent of the other co-owner(s). This form of ownership also allows for unequal ownership shares; for example, one could own 75% of the property while the other owns 25%. Additionally, when one tenant in common passes away, their share of the property does not automatically go to the remaining tenant but is passed according to their will or state inheritance laws.

This contrasts with other forms of ownership, such as joint tenancy, where co-owners have equal shares and a right of survivorship—meaning if one owner dies, their interest automatically passes to the surviving owner. Tenancy by the entirety is typically reserved for married couples and includes the right of survivorship as well, while tenancy in severalty means that one individual owns the property exclusively.