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LSDefine

Simple English definitions for legal terms

Tenancy in Common

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A quick definition of Tenancy in Common:

Tenancy in common is a type of shared ownership of property where each owner owns a share of the property. Unlike joint tenancy, there is no right of survivorship, meaning that if one owner dies, their share goes to the person they selected in their will. Owners can have unequal shares and can freely transfer their share during their lifetime or through a will. All owners have the right to use and occupy the entire property, regardless of their share size. If a property is conveyed to two parties as tenants in common, the language "as tenants in common" should be used. If it is unclear whether a conveyance creates a tenancy in common or a joint tenancy, courts will typically interpret it as a tenancy in common.

A more thorough explanation:

A tenancy in common (TIC) is a type of shared ownership of a property. It is one of three types of concurrent estates, the others being joint tenancy and tenancy by the entirety. In a TIC, each owner owns a share of the property, which may be of unequal size, and can be freely transferred to other owners both during the owner's lifetime and via a will. All owners have the right to occupy and use the entire property, regardless of the size of their share.

For example, if A and B own a house as tenants in common, and A owns 1/3 of the house and B owns 2/3, they both have the right to occupy the entire property. If B sells his 2/3 share of the home to C, A still retains his 1/3 share in the house.

To convey property to two parties as tenants in common, the language preferred by property law is: "O conveys X property to A and B as tenants in common." If a conveyance does not explicitly show an intent to create a right of survivorship, and it is unclear as to whether the conveyor intended to create a tenancy in common or a joint tenancy, courts will typically interpret the conveyance as creating a tenancy in common, rather than a joint tenancy.

In summary, a tenancy in common is a type of shared ownership where each owner owns a share of the property, which can be of unequal size and freely transferred. All owners have the right to occupy and use the entire property, and there is no right of survivorship.

Tenancy for Years | Tenant

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[] baddestbunny
20:07
so my answer to that I think is no
[] baddestbunny
20:07
but it's all so complicated
1a2b3c4d26z
20:07
No bergly yet again :(
WorthlessAttractiveZombie
20:10
borkley is giving me major blue balls rn
KnowledgeableGaudyMillipede
20:10
borgley
windyMagician
20:10
how does italicizing the or make it inclusive?
KnowledgeableGaudyMillipede
20:10
buckley
1a2b3c4d26z
20:11
@windyMagician: vibes
Dkk
20:17
Nah, if the parent was never there then fuck em. @Bunny, Also where is my below lower quartile gang at?
Dkk
20:18
Man I am so proud of my GTown video. Genius. Guaranteed A.
[] baddestbunny
20:18
below lower quartile for Berkeley or just in life?
Dkk
20:18
Lol, uhh below lower quartile GPA all T14's.
Dkk
20:20
Some T14's for LSAT. About half.
[] baddestbunny
20:21
you're at LSAT median for UMN
[] baddestbunny
20:22
I'm below GPA lower quartile for HYSC
[] baddestbunny
20:22
it's all just numbers
[] baddestbunny
20:22
hehehehe
Dkk
20:26
Indeed it is! What app are you doing today?
20:29
does anyone know how to sync lawhub to LSD
20:30
I am not sure what login credentials to use
1a2b3c4d26z
20:30
lsac i believe
20:30
like just the login for lawhub?
[] baddestbunny
20:44
the LSD status checker doesn't work I'm pretty sure
[] baddestbunny
20:44
@Dkk: Duke!
[] baddestbunny
20:45
I realized UVA has a sneaky diversity statement that is required but doesn't fall under their essay section on the application
20:46
don't think i'm getting a GW decision tomorrow
20:46
status date never disappeared
20:46
always next week
Dkk
20:50
Nice @Bunny, that's a good one to get in early. They reward early apps.
Dkk
20:50
I caught that UVA Diversity kinda statement too. I threw mine out there.
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