TENANCY IN COMMON
\tˈɛnənsi ɪn kˈɒmən], \tˈɛnənsi ɪn kˈɒmən], \t_ˈɛ_n_ə_n_s_i_ ɪ_n k_ˈɒ_m_ə_n]\
Definitions of TENANCY IN COMMON
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A way two or more people can own property together. Each can leave his or her interest upon death to beneficiaries of his choosing instead of to the other owners, as is required with joint tenancy. In some states, two people are presumed to own property as tenants in common unless they've agreed otherwise in writing.
By Oddity Software
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.