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Definition of tenancy in common in English: tenancy in commonnoun Law A shared tenancy in which each holder has a distinct, separately transferable interest. Example sentencesExamples - If someone is buying a property with a friend or relative, ownership can be held through joint tenancy or tenancy in common.
- An alternative to joint ownership is tenancy in common.
- The property is owned as a tenancy in common, rather than jointly owned.
- Every cohabiting couple should know the difference between joint tenancy and tenancy in common agreements.
Definition of tenancy in common in US English: tenancy in commonnoun Law A shared tenancy in which each holder has a distinct, separately transferable interest. Example sentencesExamples - If someone is buying a property with a friend or relative, ownership can be held through joint tenancy or tenancy in common.
- Every cohabiting couple should know the difference between joint tenancy and tenancy in common agreements.
- The property is owned as a tenancy in common, rather than jointly owned.
- An alternative to joint ownership is tenancy in common.
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