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Tenancy in common |
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Tenancy In CommonAn undivided ownership in real estate by two or more persons. The interests need not be equal. and, in the event of the death of one of the owners, no right of survivorship in the other owners exists.Tenancy in commonA situation where two or more people own land/property. In the event of the death of one of the owners, his/her interest passes to his/her estate and not the other tenants.Similar MatchesTenancy at willTenancy at willThe occupancy of property by a tenant for an unspecified period. The tenancy can be terminated by either the landlord or tenant at any time. Tenancy agreementTenancy agreementAn agreement (lease) whereby land/property is leased by the owner (lessor) to a tenant (lessee). Joint TenancyJoint TenancyAn undivided interest in property, taken by two or more joint tenants. The interests must be equal, accruing under the same conveyance, and beginning at the same time. Upon the death of a joint tenant, the interest passes to the surviving joint tenants, rather than to the heirs of the deceased. Month To Month TenancyMonth To Month TenancyA tenancy where no written lease is involved, rent being paid monthly. Some obligations as to notice of moving or eviction may exist by statute. |
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