Definition of tenancy in common in English English dictionary
When two or more people are legally granted interest in the same property, they hold a tenancy in common The interest need not be equal nor created at the same time as in joint tenancy If one of them dies, the others do not automatically own his interest, as they would in a joint tenancy His interest passes to his heirs
A type of joint tenancy, as designated in the property title, that does not include the right of survivorship
When two or more people are legally granted interest in the same property, they hold a tenancy in common The interests need not be equal nor created at the same time as in joint tenancy If one of them dies, the others do not automatically own his interest, as they would in a joint tenancy His interest passes to his heirs (see Joint Tenancy, Tenancy by the Entirety, and Right of survivorship)
Ownership of a property by 2 or more persons, each of whom has an undivided interest, without the right of survivorship Upon the death of one of the owners, the ownership share of the deceased is inherited by the beneficiary designated on the owner's will
A way in which two people can own property together with no rights of survivorship Should either die, the deceased's share of the property will pass through his or her estate, not to the survivor BACK TO TOP
Ownership by two or more persons who hold undivided interests, without right of survivorship; interests need not be equal A type of co-ownership of real property; a holding of an estate in land by two or more persons, each being entitled to possession of the property according to his proportionate share; distinct from a joint tenancy in that there is no right of survivorship in a tenancy in common
Ownership by two or more persons who hold undivided interest; without right of survivorship; interests need not be equal
Ownership by two or more persons who hold undivided interest, without right of survivorship; interest need not be equal
Ownership by two or more persons who hold undivided interests without right of survivorship
form of property ownership in which each owner owns an undivided interest in real property In a condominium, all owners have a tenancy in common interest in common areas
>> A form of holding title in which the property is owned by 2 or more persons whereby each tenant holds an undivided interest in the property and no right of survivorship
Ownership of property in which several owners each own a stated portion of the property (a percentage) Each owner may deal with her portion of the property as she wishes (giving it away, mortgaging it, selling it, bequeathing it, etc ) and, upon her death, her share becomes part of her estate
A type of joint tenancy in a property without right of survivorship Contrast with tenancy by the entirety and with joint tenancy
Type of joint tenancy without the right of survivorship Compare with tenancy by the entirety and with joint tenancy
equal ownership of property by two or more parties without the right of survivorship
A type of joint ownership of property by two or more persons with no right of survivorship Title Insurance Policy: A policy that protects the purchaser, mortgagee or other party against losses Top V
A type of joint tenancy in a property without right of survivorship Contrast with tenancy by the entirety and with joint tenacy
Ownership by two or more persons who hold undivided interest, without right of survivorship Upon the death of one tenant, his interest goes to his heirs Interests need not be equal, and each owner is possessed of the whole of an undivided part
The form of ownership in which the Registered Owners of interests in the property declare that there shall be NO automatic right of survivorship If one dies, his or her share is distributed in accordance with their Will or the Estate Administration Act, if intestate The property forms part of the deceased's estate and passes to the Personal Representative of the Deceased upon filing a Probate Order with the Land Title Office