Tenants in Common

Description and Definition of Tenants in Common

Two or more persons who have undivided ownership rights in property. If one owner dies the other does not automatically take the entire estate. Whoever is designated in the decedent's will inherits the decedent's share of the property.

Resources

See Also

Further Reading

• Tenants in Common in the West's Tax Law Dictionary
• Tenants in Common in “A Dictionary of Taxation”