FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RDvd595QjUByS6fw9LeWBTA
Label Tenancy in Common
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Identifier N/A
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Definition

Tenancy in Common is a form of concurrent property ownership where multiple individuals hold separate and undivided interests in the same property. Each tenant in common has the right to sell, transfer, or bequeath their individual share without the consent of the other co-owners, and upon death, their interest passes to their heirs rather than the remaining co-owners.

Class Relationships

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See Also

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Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

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Description

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Notes

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Editorial Information

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available