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Term Definition
Tenants in Common
- a form of ownership in which owners share possession, without the right of survivorship.
Application in Divorce
In this arrangement, each tenant owns a share of a property that passes by to his or her heirs by testament. For example, if John, David and Paul own a parcel of land as tenants in common and Paul dies, his share of the tract now passes to his heirs.
Compare Tenants by the Entirety; (Joint) Tenants with the
Right of Survivorship
.
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