Changes

'''Tenancy in common''' is a form of [[property]] ownership in which several persons acquire property together and shares in its use or [[rent]]s.  Each can sell or convey his interest separately from the other owners.  Each has a right to use the entire property.  There is no right of survivorship, i.e., other tenants do not automatically obtain their co-tenant's interest when he passes away.

'''Tenancy in common''' is a form of [[property]] ownership in which several persons acquire property together and shares in its ownership and rights of use.

Other forms of property ownership are [[joint tenancy]] and [[tenancy by the entirety]].

Such a tenancy differs from a [[joint tenancy]] or a [[tenancy by the entirety]] in that there is no right of survivorship, i.e., other tenants do not automatically obtain their co-tenant's interest when he passes away.  In addition, a tenancy in common does not require equal interest by all co-owners.

[[Category:Legal Terms]]

[[Category:Legal Terms]]