Tenants in common

Tenants in Common:
Similar to joints tenants. All tenants in common share equal property rights except that, upon the death of a tenant in common, ...

Tenants in common. Such as held by several and distinct titles, but by unity of possession; because none knows his own severalty, and therefore all occupy promiscuously. 2 Bl. Com. 191. See also 5 Conn. 365; 12 Allen 36; 8 Minn. 431; 4 Hun.

tenants in common A tenancy by two or more persons, in divided shares. At the death of one tenant, the property passes to his/her estate.

Tenants in common
Unity of possession but distinct titles. Similar to joint tenants (which see). All tenants in common share equal property rights except that each tenant can dispose of his share separately.

Tenants in Common Partitions vs. Tenants with Rights of Survivorship Partitions ...

tenants in common
Form of joint ownership, with two or more people occupying the whole of land in common. Each share has a separate title and can be disposed of by will. Compare: joint tenants (q.v.).
tender ...

Tenants in common do not, like joint tenants, hold by one title and by one right, but by different titles, and have several estates.

Tenants in Common
A form of ownership under which each owner holds an undivided interest in property. The interest of each owner passes to his or her estate upon death. There is no right of survivorship for the remaining owner.

Tenants in common, joint-tenants, and partners, hold an undivided right in their respective properties, until partition has been made.

Related Terms: Tenants In Common, Tontine
When two or more persons are equally owners of some property.

Tenancy in common:tenants in common
Tenancy in common is a form of property ownership. Each tenant in common owns a distinct share in the property.

All tenants in common share equal property rights except that, upon the death of a tenant in common, that share does not go to the surviving tenants but is transferred to the estate of the deceased tenant. Unity of possession but distinct titles.

common property
n. 1) real property owned by "tenants in common," who each have an "undivided interest" in the entire property. 2) property managed by a homeowners' association in a condominium project or a subdivision development, ...

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.

Condominium: The joint ownership of a multiunit dwelling, each of whose owners has exclusive ownership of an individual unit, but in which all common elements (the lobby, the grounds, swimming pool, etcetera) are owned by the tenants in common ...

Each can leave his or her interest upon death to beneficiaries of his choosing 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 ...

the college was empowered to sell its real and personal estate and to surrender its charter, and it was enacted that on such surrender the college should be dissolved and the property thereof belong to the then existing members as tenants in common ...

Other forms of ownership include life estates, tenants in common, joint tenancies, and conditional tenancies.

See also: Tenant, Person, Property, Law, Time