Tenancies in common | Article about tenancies in common by The Free Dictionary
tenancy in common (redirected from tenancies in common)
Also found in: Legal
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.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
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.