A type of joint tenancy in a property where two or more purchasers own a property in unequal shares. If one dies, his or her shares pass to his or her beneficiaries under the terms of the will. The shares can be sold without consultation of the other owners.

See: tenancy in common

Style of ownership in which two or more persons purchase a property jointly, but with no right of survivorship and separate undivided interests. They are free to will their share to anyone they choose, a principal difference between this form of ownership and joint tenancy.

Definition A type of tenancy shared between two or more people. This occurs when the possession and ownership of a piece of real property is shared among more than two people, each of whom is allowed [..]

A tenancy by two or more persons, in divided shares. At the death of one tenant, the property passes to his/her estate.

Each tenant (or owner) owns a specified share of the land. Shares can be equal or unequal. Unlike joint tenants, there is no right of survivorship. Each share may be dealt with by sale, bequest, gift [..]

A percentage interest in a property by two or more individuals, without rights of survivorship.

A form of joint ownership in a property in which each person owns a share of property, equally or unequally. On the death of one owner, the deceased’s share passes to his or her heir/s, who assume/s t [..]

The equal or unequal holding of property by two or more persons. If one party dies the share of the property forms part of the estate rather than passing to the other tenant / tenants.

Where two or more people hold shares in a property. Each owner has the right to deal with their share of the property separately to the others. Tenants in common may pass on their share to a nominated [..]

Tenants in common hold title to real or personal property so that each has an "undivided interest" in the property and all have an equal right to use the property. Tenants in common each own [..]

Each tenant (or owner) owns a specified share of the land. Shares can be equal or unequal. Unlike joint tenants, there is no right of survivorship. Each share may be dealt with by sale, bequest, gift [..]

Two or more owners who have undivided, but not necessarily equal, ownership of a property.

Where two or more people hold shares in a property. Each owner has the right to deal with their share of the property separately to the others. Tenants in common may pass on their share to a nominated [..]

A form of joint property ownership in which the owners may have unequal shares and which does not involve a right of survivorship. See also Joint Tenants

Two or more people who own the same piece of property, with the inherent condition that if one of the tenants die, his interest automatically passes on to his heirs.

A form of joint property ownership in which the owners may have unequal shares and which does not involve a right of survivorship. See also: Joint Tenants

Form of ownership of land, where two or more people occupy the whole of the land 'in common'. Each owner can sell, transfer or will his or her share. On the death of one owner his or her int [..]

Two or more people who own the same piece of property, with the inherent condition that if one of the tenants die, his interest automatically passes on to his heirs.

A type of account owned by at least two people, where each person is entitled to an indivisible share of the whole of an account's assets.  On the death of one account holder, ownership of their [..]

Two of more landowners whose interest in land is separate and distinct from one another

An undivided interest in property taken by two or more persons. The interest need not be equal. Upon death of one or more persons, there is no right of survivorship.

Tenants in common share equal property rights save that upon the death of one them, their share passes to the deceased tenant's estate.

This form of ownership is available to two or more people, including spouses and unrelated persons. However, it is the only way that non-spouses can hold real property together. Each tenant in common [..]

People who are registered as owning stated shares in the land are tenants in common. When such owner dies his share will pass to the person entitled under his Will or intestacy - it does not, unlike J [..]

Where there is a desire of two or more people to hold the land in undivided shares. For example X has 1/3 share and Y has a 2/3 share of the land. Both X and Y can transfer their shares to another or [..]

An ownership of property by two or more persons, each of whom has an undivided possessory interest, which may be voluntarily transferred by alienation device or descent and is not subject to any right [..]

Tenants in common are treated as having a separate, distinctive share which will not automatically pass to the other person upon death but will instead go to his or her next of kin or to whoever it ha [..]

Where two or more persons acquire interests in a single property. Each may sell or bequeath their interest and in the event of death, their interest becomes a part of their estate.

Joint ownership of property and may be in equal or unequal shares. Each joint owner may dispose of their share in the property independently and unlike Joint Tenancy, the shares do not automatically pass to the other owners in the event of death but form part of that persons estate.

Account registration in which two or more individuals own a certain proportion of an account. Each tenant's proportion is distributable as part of the owners estate, so that if one of the account [..]