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 ?
Presuming all of the above are properly accomplished, the investors' interests will have been converted from those of partners to those of tenants in common with each investor owning a direct interest in real property which has the potential to be exchanged for another real property interest under [section]1031.
However, they cannot exercise any rights that would be disadvantageous to the other tenants in common.
With headquarters in San Francisco and offices in Sonoma and Novato, California, Triton is especially adept at meeting the challenges and unique financing needs that face borrowers, including the financing of lofts, condominiums, co-ops and tenants in common.
Remember, entities that become tenants in common will often have been in existence long before SPE requirements came into being.
Valuation discounts may be available for decedents who own real property as tenants in common or as community property.