1 The right to possess an estate, whether by lease or by title In general, tenancy refers to any right to hold property It also refers to holding in subordination to another's title, as in the landlord-tenant relationship
the occupation of lands, buildings, or other property by title, under a lease, or on payment of rent and can also refer to the duration of the occupation
Joint tenants have one and the same interest, accruing by one and the same conveyance, commencing at one and the same time, and held by one and the same undivided possession The grand incident of joint tenancy is survivorship, by which the entire tenancy on the decease of any joint tenant remains to the survivors, and at length to the last survivor
A holding, or a mode of holding, an estate; tenure; the temporary possession of what belongs to another
The right to occupy land or buildings as provided by the terms of a lease or other agreement
by the Entirety A form of ownership by husband and wife whereby each owns the entire property In event of the death of one, the survivor owns the property without probate
1 Strictly speaking, the interest of a person holding property by any right or title 2 More usually, an arrangement , whether by formal lease or informal agreement, whereby the owner (the landlord) allows another ( the tenant) to take exclusive possession of land in consideration for rent, with or without a premium, either: a for an agreed period or b on a periodic basis until formally terminated
- An interest in or ownership of property by any kind of legal right or title Not necessarily limited to the more restricted meaning of one (called a tenant) who has temporary use and possession of real property, e g , an apartment, owned by another (called the landlord)
1 Strictly speaking, the interest of a person holding property by any right or title 2 More usually, an arrangement, whether by formal lease or informal agreement, whereby the owner (the landlord) allows another (the tenant) to take exclusive pocession of land in consideration for rent, with or without a premium , either : a For an agreed period or b On a periodic basis until formally terminated
A holding of real estate under any kind of right of title Used alone, tenancy implies a holding under a lease
A holding, as of land, by any kind of title, occupancy of land, a house or the like under a lease or on payment of rent or tenure
Tenancy is the use that you have of land or property belonging to someone else, for which you pay rent. His father took over the tenancy of the farm 40 years ago
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
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
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 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
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