tenancy in common

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tenancy in common

Ownership of property by two or more persons, each of whom may freely transfer his interest; the death of one tenant does not transfer his rights to the other or others.
References in periodicals archive ?
39) Tenancies in common developed as the natural consequence of the stringent unity requirements for joint tenancies; if a transfer of property lacked one or more of the unities required for a joint tenancy, a tenancy in common could form.
Most modern tenancies in common, in contrast, occur accidentally through the confluence of default property rules and poor estate planning.
Tenancies in common can be used to avoid or reduce inheritance tax that might become due on the surviving partner's estate.