tenants in common

tenants in common
n.
Two or more tenants who hold an undivided interest in property but who each have a separate title to a proportional share; when a tenant in common dies, his or her share of the property goes into his or her estate.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


tenants in common
Category: Divorce & Family Law
Category: Real Estate & Rental Property → Buying a House
Category: Wills, Trusts & Estates

Nolo’s Plain-English Law Dictionary. . 2009.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Tenants in common 1031 exchange — See 1031 exchange for the traditional use of IRS regulation 1031 Tenants in common 1031 Exchange is a form of real estate asset ownership in the United States of America in which two or more persons have an undivided, fractional interest in the… …   Wikipedia

  • Tenants In Common - TIC — When a property is owned by two or more tenants. If one owner dies, the other does not automatically take the entire estate. When the person dies, the property portion is transferred to the descendant s beneficiary …   Investment dictionary

  • tenants in common — Account registration in which two or more individuals own a certain proportion of an account. Each tenant s proportion is distributable as part of the owners estate, so that if one of the account holders dies, that owner s heirs are entitled to… …   Financial and business terms

  • common property — see property Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. common property …   Law dictionary

  • Joint Tenants in Common - JTIC — A type of brokerage account which is owned by at least two people with no rights of survivorship afforded to any of the account holders. In this type of brokerage account, a surviving tenant of the account does not necessarily acquire the rights… …   Investment dictionary

  • Common area — A common area is, in real estate or real property law, the area which is available for use by more than one person... [1] The common areas are those within a building that are available for common use by all tenants, (or) groups of tenants and… …   Wikipedia

  • common property — A term sometimes applied to lands owned by a local government and held in trust for the common use of the inhabitants. Property owned by tenants in common. Also property owned jointly by husband and wife under the community property system. +… …   Black's law dictionary

  • common — adj. 1 happening/found often VERBS ▪ be, seem ▪ become ▪ remain ADVERB ▪ extremely, fairly …   Collocations dictionary

  • Common contractual fund — A Common Contractual Fund (CCF) is a new collective investment scheme structure in Ireland introduced by the European Communities UCITS Regulations, 2003. The CCF is an unincorporated body established by a management company under which the… …   Wikipedia

  • Common Ground Collective — Common Ground distribution center tents in the Upper 9th Ward of New Orleans The Common Ground Collective is a decentralized network of non profit organizations offering support to the residents of New Orleans. It was formed in the Algiers… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”