Legal definition of tenancy in common
Commercial Real Estate Legal Terminology

tenancy in common

a type of tenancy where more than one person own interest in a piece of real property. The interest of each owner does not have to be equal. The deed that created tenancy in common may or may not state the shares of each tenant in common. It the deed is silent as to percentage of ownership the parcel is considered to be owned equally by all of the co-tenants.
A tenant in common may sell and otherwise convey his/her interest in real property at any time, without consent of other co-owners. Unlike "joint tenancy," there is no "right of survivorship" if one of the tenants in common dies.
Find a legal term by clicking on the first letter of a legal word or phrase:
Book of the Day in our Store
Share it on TwitterFacebook
Forensic Science: Fundamentals and InvestigationsForensic Science: Fundamentals and Investigations
by Anthony J. Bertino, Patricia Bertino
  • List Price: $127.95
  • Price: $117.15
  • You Save: $10.80 (8%)
from $107.07
The Dilemma of the Sexual OffenderThe Dilemma of the Sexual Offender
by George B., M.D., Ph.D. Palermo, Mary Ann, Ph.D. Farkas
from $150.69
Howard C GosnellAttorney at LawPRACTICE AREA: Labor & Employment Law, Insurance Litigation
Michael A AdamsAttorney at LawPRACTICE AREA: Professional Malpractice, Real Estate Law, Health Care Law, Insurance Litigation
Daniel Q HarringtonAttorney at LawPRACTICE AREA: Insurance Litigation
PR Web (press release)“We want to demystify the legal process and make it easy for our clients to do business in Nashville. We developed this new eBook to help the area's fast-growing real estate community better understand the complexities of Tennessee's unique law, how it ... more »
Leadership NewspapersA business (also known as an enterprise, a company or a firm) is an organizational entity involved in the provision of goods and services to consumers. more »
Real Estate WeeklyThroughout his 34-year career, Edelberg has proven himself an expert on bankruptcy law, authoring multiple articles on Bankruptcy Code and lecturing on behalf of the New Jersey Institute of Continuing Legal Education, the Seton Hall Business School, ... more »
It's a free online legal dictionary search engine for definitions of legal terminology and legal words, legal abbreviations, and legal jargon you may meet when reading legal acts, law books, documents, legal forms and other legal content