tenancy in common


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Related to tenancy in common: Joint tenancy, tenancy by the entirety

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 ?
Property that is held as a tenancy in common is a kind of "commons" or shared resource.
Therefore, the property was held as a tenancy in common.
In this regard, the Internal Revenue Service has taken the position that a concurrent dissolution of the company, transfer of ownership to the related tenancy in common and sale of the property to an unrelated purchaser means that the tenancy in common (the entity that must be the taxpayer in the first leg of the exchange) may have never held the property as an investment or for a business purpose.
QWhat's the difference between a joint tenancy, and a tenancy in common, when you buy a house?
The three common forms of joint tenancies are: tenancy in common, joint with rights of survivorship and tenancies by the entirety.
Under joint tenancy and tenancy in common, the property isn't immune from creditors.