Law Dictionary

tenants in common

Tenants in common is the holding of an estate in land by distinct possession under distinct title, but there must be unity of possession, and each must have right to occupy the whole in common with his co-tenants. The owners of a Tenants in Common may hold undivided fractional interests in the property, that is, one may hold a third interest while another a fourth interest, as long as the total of the undivided interests equals one. An interest of a Tenant in Common can be conveyed without the others' consent or may be devised by will.

Source : LawyerIntl.com

Language : English

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