• Que.

    define tenants in common


    Sure! "Tenants in common" refers to a type of joint ownership where two or more individuals each own a distinct share of a property. Unlike joint tenancy, these shares don't have to be equal. Each owner has the right to use the entire property and is entitled to a portion of the profits if the property generates income. Additionally, owners can sell or transfer their share without the consent of the other owners. In the event of an owner's death, their share passes to their heirs, not necessarily to the other owners. This arrangement provides flexibility and autonomy to individual owners.

    Apr 22 2024

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