Let's consider the dilemma.
There is the rope. On other end there is a chair and on other end there is a person.
At first glance, we see that to acieve a status quo, the mass of the chair needs to be smaller than mass of the person. Otherwise the chair will lift the man from the chair, unless negative supportive force is applied.
So, m<M (m=chair mass, M=person mass).
There are three forces affecting the chair:
-Weight of the chair; G1=mg; points down (negative)
-Inverted normal force that affects between the chair and person's arse; -N; points down (negative)
-Tension of the rope; T; points upward (positive)
So, if we want the chair to be stationary, the sum of these forces needs be zero. Therefore,
G1+N=T
Similarly, there are three forces affecting the persin sitting in the chair:
-Weight of the person; G2=Mg; points down (negative)
-Normal force (or support force) that affects between the chair and person's arse; N; points upward (positive)
-Tension of the rope; T; points upward. (positive)
The sum of these also needs to be zero; therefore
G2= T+N
Now we get a nice little pair of equations in which we have two variables, therefore we can sove the dilemma.
Tension must be the same in each equation, same applies to normal supportive force. Therefore
{G1+N=T
{G2= T+N
G2 = G1+N+N = G1+2N
G2=G1+2N
2N=G2-G1
N=½(G2-G1)=½(M-m)g
There's the normal force which affects between the person's arse and the chair.
Tension is therefore
T=G1+N=G1+½G2-½G1 = ½G1+½G2 = ½(M+m)g
There.
Check if I missed something, but that would seem to be the answer.
Unsurprisingly, the tension is what it's supposed to be. Weigh of man and chair div. by two.
If one string keeps mass M up, the tension in string is Mg; if two strings keep the object up, the tension is MG/2, if three, MG/3 and soforth. In this case, the other forces do sum away and the chair-person system can be treated (carefully) as one body.
Ideally, this works when m<=M. When m=M, the normal and inverted normal forces are zero, and the tension is everything that keeps the system aloft, in which case the core of this dilemma becomes easier to reach.
The situation becomes more interesting if m>M... but, as you can guess, also in that case the tension is the same.