TENANCY IN COMMON Definition & Meaning

tenancy in common

noun

Law.

a holding of property, usually real, by two or more persons with each owning an undivided share and with no right of survivorship.

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�y��vlog History and Origins

Origin of tenancy in common¹

First recorded in 1760–70

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Example Sentences

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There are a few common ways to handle the title like sole ownership, joint tenancy, and tenancy in common.

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Tenancy in common allows you both to have rights to the property but can be divided into different shares.

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An estate attorney can also help co-buyers understand options for titling the home, such as joint tenancy or tenancy in common.

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A tenancy in common allows you to own the home in unequal shares to reflect the difference in your down payments.

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Meanwhile, in an agreement like tenancy in common, if one of you should pass away, your share is left to your heirs and may need to go through probate.

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