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:
- British & World English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Spain
Most popular in Malaysia
Most popular in India
Most popular in Pakistan