Partners in ownership of property.

Property owned by more than one person is owned either as tenants in common or joint tenants. Under a tenancy in common, each tenant in common owns a specified share of the beneficial interest. On the death of a tenant in common, their specified share will be dealt with in accordance with the terms of their will, or under the rules which apply on intestacy. If the owners opt for a joint tenancy, then they each own the whole of the beneficial interest, which means that the survivor of them will have an automatic right to the property on the death of one or others of them.

Two or more people entitled to occupy the whole of a property in common with others. There is no right of survivorship (compare joint tenants above). If one person dies, their share passes to the person named in their will, or as required by law.

Equal or uneven share ownership of a property by two or more persons. The property is divided according to law if one party dies.

A form of joint ownership in which two or more persons own the same property. At the death of a tenant-in-common, his or her share is transferred by Will. Probate is generally required.

A form of ownership by two or more parties whereby if one of them dies, their share of the property forms part of their estate and does not automatically pass to the other party.

An ownership of property by two or more persons, each of whom has an interest which may be voluntarily transferred by alienation devise or descent and is not subject to any rights of survivorship.

Two (or more) people who together hold property in such a way that, when one dies, their share does not pass automatically to the survivor but forms part of their own property, and passes under their will or intestacy.

People who each own a defined share of property. That share may be left in a will. Not the same as joint tenancy.• Death

A type of land ownership when the land is held by more than one person. If one of the owners dies his portion goes to his descendants.

a form of ownership for holding title to real estate with more than one party

A method of holding title. Co-owners own undivided interests, but not necessarily equal interests. There is no right of survivorship; each tenant owns an interest which on his or her death vests in his or her heirs. Compare to Joint Tenancy.

Two or more persons who own land in undivided shares which pass on death under the terms of a will or intestacy (to be contrasted with joint tenants)

(see Joint Tenants)

Where more than one person is the owner of the property. If one person dies, then part of the title passes through the estate of the deceased. Also each owner can have a nominated share of ownership such as 5% or two thirds, etc.

A form of asset ownership in which two or more persons have an undivided interest in the asset and the ownership shares are not required to be equal.

A type of ownership not by undivided interests that does not include the right of survivorship.

People, who as co-owners, own land together but in separate interests. Interests, in these cases, are often unequal. If one person dies, the other tenants in common have no automatic rights of succession to the interest that the deceased owner had. Maori land is deemed to be held "in common" unless otherwise determined by the court.

A form of ownership of real estate by two or more persons. The interest need not be equal, and upon death of one of the owners, their share passes to their heirs rather than surviving tenants.

Two or more persons who together own securities, each having a fractional financial interest of assets in the account with no rights of survivorship.

the holding of property by two or more people. If one dies, it is divided according to law.

two or more purchasers owning the one property in any share proportion they choose. When a tenant in common dies, their share in the property passes in accordance with their will. Unlike joint tenants where the share passes to the other owners or joint tenants.

Joint ownership of a property in such a way that when one dies, but ownership does not pass automatically to the survivors. The deceased's share of the property passes to their estate.

a form of ownership whereby each tenant holds a percentage interest in property. If one of the owners dies, that person's interest in the property passes to the estate or heirs.

When a piece of real estate is owned by two or more individuals, with each having a separate share.

An optional method of home ownership. If an owner dies, the owner's interest in the property is passed to the owner's heirs, rather than to the other owners of the property.

Holding of property by one or more people in equal or unequal parts. If one party dies, property is divided according to law

This is where the property is held in specific equal or unequal shares. When one owner dies, their share of the property does not automatically pass to the surviving owners as with joint tenants.

Two or more people who hold the property in specific shares. If one person dies, their share passes according to the terms of their will, and is NOT automatically transferred to the other property holders.

This is a form of land ownership in which the shares of two or more owners are defined and cannot be divided. For example, two people may hold shares in a parcel of land of one third and two thirds respectively. If one party dies his or her share is disposed of according to his or her will and does not automatically transfer to the other owner

Two or more people who own a property without an established right of survivorship. Occasionally, if one partner dies, their interest may not be given to the co-owner(s).

A form of account registration in which two or more individuals (or a group) own a certain proportion of an account. There are no rights of survivorship as in JT WROS.

If two people own property as tenants in common – individuals may gift half of the property to a third person in their will.

A form of co-ownership by which each owner holds an undivided interest in real property as if he or she were sole owner. Each individual owner has the right to partition. Unlike joint tenants, tenants in common have right of inheritance.

Where two or more parties acquire interests in a single property. Each may sell or bequeath their interest and in the event of their death their interest becomes a part of their estate. (see Joint Tenants)

Ownership of land by two or more persons; unlike joint tenancy in that interest of deceased does not pass to the survivor, but is treated as an asset of the deceased's estate.

Two or more persons own the property with no right of survivorship. If one dies, his interest passes to his heirs, not necessarily the co-owner.

One of the ways that title can be held. Two or more owners hold an undivided interest in the property, with no right of survivorship.

A form of registration of property, frequently used with securities. An undivided estate in property where, upon the death of the owner, the undivided estate becomes the property of heirs or devisees and not of the surviving co-owner.

A type of joint tenancy in a property where two or more purchasers own a property. If one party dies, the property is divided according to law.

A form of joint property ownership in which the owners may have unequal shares and which does not involve a right of survivorship. See also Joint Tenants

An undivided ownership in real estate by two or more individuals. The interests need not be equal and, in the event of the death of one of the owners, no right of survivorship exists for the other owners.

Two or more persons owning individual interests in property.

Two or more people who own a property together. Each has a distinct share and can pass it to someone on their death (see Joint Tenants)

In contrast to owning property as a joint tenant, if you own property as a Tenant in common you can give away your share of your property in your will. Where there is a tenancy in common, each person holds a proportional share of the property, and unequal shares are possible.

is a property ownership arrangement in which two or more persons own property jointly. It is not necessary that the ownership consist of equal shares or percentages of the property. Generally there is no right of survivorship when a co-owner dies. The share of the property belonging to the deceased co-owner passes to his or her heirs and the shares of the remaining original co-owners do not change.

A form of ownership of the property. Unlike Joint Tenants, there is no right of survivorship. What this means is that each party on title may leave their interest to whomever they choose in their Will. This form of ownership is frequently used when business partners (not family members) acquire property.

The equal or unequal holding of property by two or more persons. If one party dies, their share passes according to their Will or the law (not necessarily to the owner of the other share).

A type of joint tenancy in a property where two or more purchasers own a property in unequal shares. If one dies, his or her shares pass to his or her beneficiaries under the terms of the will. The shares can be sold without consultation of the other owners.

Two or more persons in whom title to a single piece of real estate is vested in such a manner that they have a common or equal right to possession and enjoyment of the property, but each holds a separate individual interest or estate in the property. Each owner may sell or encumber his respective interest or dispose of it by will, and if he dies without leaving a will, his heirs inherit his undivided interest.

A type of ownership in which two or more parties have an undivided interest in the property. The owners may or may not have equal shares of ownership, and there are no rights of survivorship. However, each owner retains the right to sell his or her share in the property as he or she sees fit.

Where two or more people own a property as "tenants in common", and one of those people dies, the deceased's share of the property will pass according to what has been stated in the deceased's Will (or according to the rules of intestacy, in the event of no will having been made)

See Joint Tenant in Common

Two or more owners who share interest in a specific property.

Joint ownership by two or more persons giving each tenant an interest and rights in a property, these interests need not be equal in quantity or duration.

Each tenant in common owns a specific share of the property, which can be left by Will or dealt with under the rules of intestacy. Useful if a parent wishes to will their share of a property to their children rather than their spouse.

Each tenant (or owner) owns a specified share of the land. Shares can be equal or unequal. Unlike joint tenants, there is no right of survivorship. Each share may be dealt with by sale, bequest, gift etc., as for sole ownership.

Unity of possession but distinct titles. Similar to joint tenants (which see). All tenants in common share equal property rights except that each tenant can dispose of his share separately. For instance, upon the death of a tenant in common, that share does not go to the surviving tenants but is transferred to the estate of the deceased tenant.

On death of one of you the share of that person will pass in accordance with any Will that has been made.

This is the holding of property by two or more people in equal or unequal shares. If one person dies, his/her share passes to the

An undivided interest in property taken by two or more persons. The interest need not be equal. Upon death of one or more persons, there is no right of survivorship.

Two or more people holding property as co-owners. When one dies, his share of the property automatically passes to his estate. (See also Joint Tenants).

Joint ownership which does not include right of survivorship.

A form of property ownership held by two or more persons. Upon death, the deceased owner's interest becomes part of their estate and does not automatically pass to the surviving joint owners.

The equal or unequal holding of property by two or more persons. If one party dies, the property is divided according to law.

Where more than one person is the owner of the property. Each owner has a nominated share of ownership, such as 25% each.

This is the holding of property by two or more persons in specific shares. If one person dies, their share passes according to the terms of their will.

A way for two or more people to own property together. If one dies, that person's share does not go automatically to the other owner(s), but instead goes according to that person's will.

Persons who are co-owners of residential interest in the same land. At death of a co-tenant, interest passes by will or by laws of intestate succession.

Property in the names of two or more persons and in which each has a separate and distinct share. When one person dies his share is not passed to the survivor(s) but becomes part of his estate for disposal according to his will.

The ownership of a property by two or more individuals where each owns an undivided interest in the entire property and each has equal rights to use the property. If one tenant in common passes away, his or her interest may be sold, mortgaged, or given to an individual named in the will.

A type of joint tenancy in a property without right of survivorship. Contrast with tenancy by the entirety and with joint tenacy.

Tenancy in common is the holding of property by two or more persons, either equal shares or unequal shares.If one person dies, the property is dealt with in accordance with the law.

when a property is owned by two or more people and each persons’ share passes to his/her beneficiary if they die

Form of ownership whereby two or more persons hold title in such a way that when one of them dies, the deceased's interest passes to his or her heirs and not the surviving tenants.

A form of concurrent ownership of property between two or more persons, in which each has an undivided interest in the whole property. This form is frequently found when the parties acquire title by descent or by will. Each cotenant is entitled to the undivided possession of the property, according to his or her proportionate share and subject to the rights of possession of the other tenants. No cotenant can exclude another cotenant, or claim ownership of a specific portion of the property. Each cotenant holds an estate in land by separate and distinct titles, but with unity of possession. Their interests may be equal, as in joint tenancy, or unequal. Where the conveyance document does not specify the extent of interest of each cotenant, there is a rebuttable presumption that the shares are equal. Unlike a joint tenancy, there is no right of survivorship in a tenancy in common. Therefore when one of the cotenants dies, the interest passes to his or her heirs or beneficiaries and not to the surviving tenants in common. The property interest of a tenant in common is thus subject to probate. Also, unlike joint tenancy, dower rights may exist in property held in common.

A form of ownership that directs that upon the death of one tenant, the descendant's fractional interest in the joint account is retained by the estate. This form of ownership may be used by any two or more individuals.

A percentage interest in a property by two or more individuals without rights of survivorship.

Similar to joints tenants. All tenants in common share equal property rights except that, upon the death of a tenant in common, that share does not go to the surviving tenants but is transferred to the estate of the deceased tenant. Unity of possession but distinct titles.

Two or more owners having undivided ownership (not necessarily equal) in property. A tenants in common form of ownership does not have a “right of survivorship” in the event one owner is deceased.

See tenancy in common.

Ownership by two or more people in which each person owns an undivided interest in the entire property and all have equal rights to use the property. When one tenant in common dies, that person's interest may be sold, mortgaged or transferred to another in a will.

Individual shares in a property, not automatically on a 50/50 basis. On death, the individual shares may pass under a will separately, not automatically to the other party. See Joint Tenancy.