<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RDvd595QjUByS6fw9LeWBTA">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RMo0rWec8owXGDAYl6PGNG"/>
  <rdfs:label>Tenancy in Common</rdfs:label>
  <skos: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.</skos:definition>
</owl:Class>