Tenants in common
Term · Law · MLC-T-LAW-004873
Two or more individuals who co-own property, each holding an undivided, but not necessarily equal, interest in the entire estate. Each tenant in common has the right to possess the whole property, but their ownership share can be transferred or inherited independently. There is no right of survivorship among tenants in common, meaning a deceased owner's share passes to their heirs.
| Identifier | MLC-T-LAW-004873 |
|---|---|
| Field | Law |
| See also | Tenancy in common |
Record as JSON
{
"id": "MLC-T-LAW-004873",
"term": "Tenants in common",
"field": "Law",
"definition": "Two or more individuals who co-own property, each holding an undivided, but not necessarily equal, interest in the entire estate. Each tenant in common has the right to possess the whole property, but their ownership share can be transferred or inherited independently. There is no right of survivorship among tenants in common, meaning a deceased owner's share passes to their heirs.",
"see_also": [
"tenancy in common"
],
"url": "https://mlchart.com/terminology/law/tenants-in-common/"
}
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