tenancy in common

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.

Word History and Origins

Origin of tenancy in common¹

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.

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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.

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

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

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

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