tenancy in common

tenancy in common
tenancy in common see tenancy

Merriam-Webster’s Dictionary of Law. . 1996.

tenancy in common
A way two or more people can own property together, in unequal shares. Each has an undivided interest in the property, an equal right to use the property, and the right to leave his or her interest upon death to chosen beneficiaries instead of to the other owners (as is required with joint tenancy). In some states, two people are presumed to own property as tenants in common unless they've agreed otherwise in writing.
Category: Divorce & Family Law
Category: Real Estate & Rental Property → Buying a House
Category: Wills, Trusts & Estates

Nolo’s Plain-English Law Dictionary. . 2009.

tenancy in common
A form of concurrent ownership of real property by at least two parties. Each party holds an undivided ownership interest that is conveyed by will, deed or other type of conveyance. Unlike tenants holding other kinds of interests, tenants in common can hold unequal interests.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

tenancy in common
A form of concurrent ownership of real property in which two or more persons possess the property simultaneously; it can be created by deed, will, or operation of law.

Dictionary from West's Encyclopedia of American Law. 2005.

tenancy in common
A form of concurrent ownership of real property in which two or more persons possess the property simultaneously; it can be created by deed, will, or operation of law.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

tenancy in common
   title to property (usually real property, but it can apply to personal property) held by two or more persons, in which each has an "undivided interest" in the property and all have an equal right to use the property, even if the percentage of interests are not equal or the living spaces are different sizes. Unlike "joint tenancy," there is no "right of survivorship" if one of the tenants in common dies, and each interest may be separately sold, mortgaged or willed to another. Thus, unlike a joint tenancy interest, which passes automatically to the survivor, upon the death of a tenant in common there must be a probate (court supervised administration) of the estate of the deceased to transfer the interest (ownership) in the tenancy in common.
   See also: joint tenancy, tenancy

Law dictionary. . 2013.

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Look at other dictionaries:

  • tenancy in common — UK US noun [C or U] (plural tenancies in common) PROPERTY, LAW ► a legal agreement in which two people or groups share ownership of a piece of property, but each person s share of the property is not passed automatically to the other tenant or… …   Financial and business terms

  • Tenancy In Common — A way for two or more people to have equal ownership interests in a property. Each owner has the right to leave his or her share of the property to any beneficiary upon the owner s death. Each party (owner) in a tenancy in common agreement has… …   Investment dictionary

  • tenancy in common — That tenancy whereby two or more persons are entitled to land in such manner that they have an undivided possession, but several freeholds or interest. 20 Am J2d Coten § 22. A tenancy characterized by a single essential unity that of possession,… …   Ballentine's law dictionary

  • tenancy in common — Two or more persons having an interest in the same piece of land. Each person can bequeath his or her interest by will, although the land itself has not been physically divided. Trustees must hold the legal estate and the tenancy in common exists …   Big dictionary of business and management

  • tenancy in common — the tenancy of those who hold lands or other property in common compare joint tenancy …   Useful english dictionary

  • tenancy in common — Law. a holding of property, usually real, by two or more persons with each owning an undivided share and with no right of survivorship. Cf. joint tenancy. [1760 70] * * * …   Universalium

  • tenancy — ten·an·cy / te nən sē/ n pl cies 1: the holding of or a mode of holding an estate in property: a: a form of ownership of property: tenure b: the temporary possession or occupancy of property that belongs to another holdover tenancy …   Law dictionary

  • common — com·mon 1 adj 1 a: of or relating to a community at large: public common defense b: known to the community a common thief 2: belonging to or shared by two or more persons or things or by all members of a group …   Law dictionary

  • tenancy — A tenancy involves an interest in realty which passes to the tenant, and a possession exclusive even of that of landlord, except as lease permits landlord s entry, and saving his right to enter to demand rent or to make repairs. Layton v. A. I.… …   Black's law dictionary

  • tenancy — noun a) The occupancy of property etc, under a lease, or by paying rent. b) The period of occupancy by a tenant. See Also: co tenancy , fixed term tenancy, holdover tenancy, joint tenancy with right of survivorship, periodic tenancy, tenancy at… …   Wiktionary

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