Tenancy in common
Term · Law · MLC-T-LAW-004871
A form of co-ownership of property where two or more individuals hold undivided interests, but each owner has a distinct, separate share. Unlike joint tenancy, there is no right of survivorship, meaning that upon the death of a tenant in common, their interest passes to their heirs or devisees, not to the surviving co-owners. Each co-owner can sell, mortgage, or transfer their share independently.
| Identifier | MLC-T-LAW-004871 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004871",
"term": "Tenancy in common",
"field": "Law",
"definition": "A form of co-ownership of property where two or more individuals hold undivided interests, but each owner has a distinct, separate share. Unlike joint tenancy, there is no right of survivorship, meaning that upon the death of a tenant in common, their interest passes to their heirs or devisees, not to the surviving co-owners. Each co-owner can sell, mortgage, or transfer their share independently.",
"url": "https://mlchart.com/terminology/law/tenancy-in-common/"
}
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