Definition of tenancy in common in English:
A shared tenancy in which each holder has a distinct, separately transferable interest.
- If someone is buying a property with a friend or relative, ownership can be held through joint tenancy or tenancy in common.
- Every cohabiting couple should know the difference between joint tenancy and tenancy in common agreements.
- The property is owned as a tenancy in common, rather than jointly owned.
Definition of tenancy in common in:
- US English dictionary
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