Tenancy In Common

What is it? A way two or more people can own property together. Each can leave his or her interest upon death to beneficiaries of his choosing instead of to the other owners, as is required with joint tenancy. In some states, two people are presumed to own property as tenants in common unless theyve agreed otherwise in writing.

Added By: Brianna

Send To Friends!

If you'd like to send the Tenancy In Common definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Tenancy In Common. If you need any more information on this term, please don't hesitate to contact us.