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Tenancy in Common

A type of ownership in which two or more people have an undivided interest in property, without the right of survivorship. Upon death of one of the owners, his or her interest passes, not to the co-owner(s) but to whomever they have chosen as their heir.

See also:
  • Tax Deed
  • Tax Lien
  • Ten Thirty One Exchange (1031 Exchange)
  • Tenancy by the Entirety
  • Tenancy in Common
  • Term
  • Time is of the Essence
  • Time Limit of an Offer
  • Title Company
  • Title Insurance
  • Title Search
  • Transaction Broker
  • Transfer Tax
  • Truth in Lending Act

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  • Real Estate Glossary
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