MrThickRopes
21:55
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
in common
Read a random definition: judicial record
A quick definition of in common:
In common means sharing something equally with others, without dividing it into separate parts that each person owns. For example, if two people own a house in common, they both have the right to use the whole house, but neither has the right to sell it without the other's permission. This is also called tenancy in common.A more thorough explanation:
Definition: Shared equally with others, undivided into separately owned parts.
Examples: Tenancy in common is a type of ownership where two or more people own a property together, but each person has a separate and distinct share. For example, if two people own a house in common, each person has a 50% share of the property. They both have the right to use the entire property, but they don't own specific parts of it.
Another example of in common is when two or more people inherit a property together. They each have an equal share of the property, but they don't own specific parts of it.
Explanation: In common means that ownership is shared equally among two or more people, and each person has the right to use the entire property. This is different from other types of ownership, such as joint tenancy, where each person owns a specific part of the property and has the right of survivorship. In common ownership, if one owner dies, their share of the property is passed on to their heirs, rather than to the other owners.