Tenancy in common definition

Tenancy in common means a form of concurrent ownership of land in which two or more persons possess the land simultaneously where each person holds an individual, undivided interest in the property and each party has the right to alienate, or transfer their interest;

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Tenancy in common means ownership of real or personal property by an individual together with one or more other persons which ownership interest shall not pass by survivorship upon the death of the individual.

Tenancy in common means vehicle ownership by two or more people without the right of survivorship.

Examples of Tenancy in common in a sentence

Bargaining unit members may be asked to serve as chaperones at College functions.
The Landlord gives the Tenant the right as Licensee, for the duration of the Tenancy, in common with the Landlord and all others authorised by the Landlord, to use the other parts of the Property which are not specifically demised as tenancies to third parties ("the Common Parts").
Please indicate one of the following where the Client consists of individual joint account holders of the Portfolio in order for the Bank to determine how the Portfolio will be dealt with in the event of the death of any one of the joint account holders: ☐ Tenancy in common: upon the death of one of the joint account holders, the Portfolio will be split evenly and the deceased’s share of the Portfolio will pass to the deceased’s estate.

More Definitions of Tenancy in common

Tenancy in common means a holding of land where two or more persons have interests in the same land, accruing under different titles; or accruing under the same title, but at different periods, or conferred by words of limitation importing that the tenants are to take in distinct shares which are severable;

Tenancy in common means ownership of property by two or more individuals whose undivided interests in the property may not be proportionate. The owners may sell their interest without the consent of the other owners.

Tenancy in common means a form of concurrent ownership of land in which two or more persons possess the land simultaneously where each person holds an individual,

Tenancy in common means ownership of property may not be equal. Each person's interest can be sold without the consent of the other owners. [Eff 3/19/93; am 2/7/94; am 8/01/94; am 12/15/95; am 11/22/96; am 01/22/02 ] (Auth: HRS §§346-14; 346-53) (Imp: HRS

Tenancy in common means different shares of the property can be owned by different people, and the deceased person’s share can be passed on to anyone named in their Will.

Tenancy in common. The assets transferred hereunder shall be registered in the joint names of Engr. R▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and M▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Mendoza, as tenants in common, each holding an undivided fifty percent (50%) interest. Each shall have the full right to transfer, assign, or otherwise deal with his respective interest, subject to applicable law and the governing documents of the Company.

Tenancy in common means ownership of property may not be equal. Each person's interest can be sold without the consent of the other owners. [Eff 3/19/93; am 2/7/94; am 8/01/94; am 12/15/95; am