Tenancy In Common

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Legal Definition and Related Resources of Tenancy In Common

Meaning of Tenancy In Common

A joint interest in which there is unity of possession but separate and distinct titles; the relationship exists where property is held by several distinct titles by unity of possession and is not an estate but a relation between persons, the only essential being a possessory right , as to which all are entitled to equal use and possession. See De Milk v Cargill, (Okl.) 485 P.2d229, 58 A.L.R.3d 1042.

Legal Definition of Tenancy In Common

This is the opposite of joint tenancy in that the tenants in common each have a definite share in the property. The parties could own the property in equal shares, or, for example, one party could own one third with the other owning two thirds. This is the most appropriate arrangement where people want to own property on separate pre-determined shares (for example, the parties have made different financial contributions.

Related Entries of Tenancy In Common in the Encyclopedia of Law Project

Browse or run a search for Tenancy In Common in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Tenancy In Common in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Tenancy In Common in Historical Law in the Encyclopedia of Law.

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Legal Abbreviations and Acronyms

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Related Legal Terms

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Mentioned in these terms

Co-tenant, Co-tenancy, Tenancy.

See also

Tenants In Common in the American legal Encyclopedia

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Schema Summary

  • Article Name: Tenancy In Common
  • Author: Family Lawyer
  • Description:

    A joint interest in which there is unity of possession but separate and distinct titles; the relationship exists where [...]

This entry was last modified: January 15, 2014

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