cotenants

cotenants
Two or more tenants who rent the same property under the same lease or rental agreement. Each cotenant is 100% responsible (also known as joint and severally liable) for carrying out the rental agreement, which includes paying the entire rent if the other tenant skips town and paying for damage caused by the other tenant. In addition, if one cotenant violates the lease or rental agreement, the landlord may evict all of them.
Category: Real Estate & Rental Property → Renters' & Tenants' Rights

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

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  • cotenants — n. joint tenant …   English contemporary dictionary

  • contribution between cotenants — The principle that where one cotenant has paid a debt or obligation for the benefit of the common property, has discharged a lien or assessment imposed against it, or has purchased an outstanding title, with his own money, he is entitled to have… …   Ballentine's law dictionary

  • property law — Introduction       principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… …   Universalium

  • unity — uni·ty / yü nə tē/ n pl ties 1: the quality or state of not being multiple: the quality or state of being one, single, whole, or the same only if there is unity of ownership of the immovable and movables 2: an aspect (as time, title, interest, or …   Law dictionary

  • unity — Under common law, four unities had to be present to create a joint tenancy: interest the tenants must have one and the same interest; title the interests must accrue by one and the same instrument or conveyance; time the interests must commence… …   Black's law dictionary

  • de contributione facienda — A writ for making contribution,–a writ to compel coparceners or cotenants to contribute for services rendered …   Ballentine's law dictionary

  • deed of partition — A deed to one joint tenant from the others or to one tenant in common from his cotenants, whereby an estate in severalty is created in the grantee …   Ballentine's law dictionary

  • estate in joint tenancy — An estate held by two or more persons jointly, with equal rights to share in its enjoyment during their lives, and having as its distinguishing feature the right of survivorship, by virtue of which the entire estate goes to the survivor (or in… …   Ballentine's law dictionary

  • joint tenancy — An estate held by two or more persons jointly, with equal rights to share in its enjoyment during their lives, and having as its distinguishing feature the right of survivorship, or jus accrescendi, by virtue of which the entire estate, upon the… …   Ballentine's law dictionary

  • subrogation of cotenant — The principle that a cotenant who has paid off or satisfied a debt secured by a mortgage or lien on the common property is entitled to assert the rights of the mortgagee or lienholder and to enforce the mortgage or lien as against his cotenant or …   Ballentine's law dictionary

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