tenancy in common

American  

noun

Law.

1. a holding of property, usually real, by two or more persons with each owning an undivided share and with no right of survivorship.

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Etymology

Origin of tenancy in common

First recorded in 1760–70

Example Sentences

With tenancy in common, there is no survivorship rule, and he could own a certain percentage of the property.

From MarketWatch

She also visited some small studios and considered purchasing a TIC, or Tenancy in Common, where buyers purchase a share in a corporation that owns a building.

From Los Angeles Times

There are a few common ways to handle the title like sole ownership, joint tenancy, and tenancy in common.

From Slate

Tenancy in common allows you both to have rights to the property but can be divided into different shares.

From Slate

An estate attorney can also help co-buyers understand options for titling the home, such as joint tenancy or tenancy in common.

From Seattle Times